Iran-US war costs Kenyan flower exporters Sh623 million

In just three weeks, Kenyan flower exporters have lost Sh622.6 million ($4.8 million), as a result of air cargo disruptions, following the Middle East tensions...

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Kenyan flower exporters have lost Sh622.6 million (USD 4.8 million) in just three weeks due to air cargo disruptions stemming from Middle East tensions, risking thousands of jobs.

The total loss comprises Sh272.4 million (USD 2.1 million) in perished flowers and Sh350.2 million (USD 2.7 million) from reduced prices.
The Kenya Flower Council, led by its CEO Clement Tulezi, is urging the government to release Sh10 billion in pending VAT refunds to improve cash flow.
Disruptions have reduced air cargo capacity by up to 30 percent, increasing freight costs and impacting a key export sector reliant on this vital transit corridor.

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