Importers fight state plan to use railway levy for loans

Importers are opposing the government’s proposal to use up to 90% of Railway Development Levy funds as collateral for loans, citing concerns over the impact on logistics and trade...

✨ Key Highlights

Kenyan importers are raising alarms over a government proposal to leverage up to 90 percent of funds collected via the Railway Development Levy to secure new loans.

The government plans to use monies from the Railway Development Levy to secure additional funding.
Key players involved include logistics industry stakeholders and the government.
This move could impact the availability of funds for ongoing rail projects, such as the Standard Gauge Railway.

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