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Originally published by The Standard Business
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September 4, 2025
1d ago

New pact to unlock Sh4.5b tied up in cargo levies

New pact to unlock Sh4.5b tied up in cargo levies

Several players in the multi-billion shipping logistics sector are hopeful that the introduction of letters of guarantee for containers as an alternative to cash deposits...

✨ Key Highlights

A new container guarantee scheme introduced by Viatrans and its Kenyan subsidiary Viaservice Kenya is set to free up an estimated Sh4.5 billion tied up in cargo levies, aiming to boost business growth, especially for small-scale operators. This initiative allows for letters of guarantee as an alternative to the traditional cash deposits required for containers.

  • The scheme is expected to release approximately Sh4.5 billion previously held as container deposits and demurrage.
  • Viatrans, through Viaservice Kenya, has signed agreements with four shipping lines and 35 percent of Kenya's 1,200 clearing and forwarding firms.
  • CEO of the Shippers Council of East Africa (SCEA), Agayo Ogambi, confirmed a Memorandum of Understanding with Viatrans, anticipating reduced business costs.

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