• Privacy Policy
  • Terms
  • About us
  • Contact Us
Friday, March 24, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Tanzania freezes exports permits for Kenyan traders

Kenyan

The Matters Press by The Matters Press
September 10, 2022
Reading Time: 2 mins read
0
Nigeria targets $1.2bn export capacity for every state

Tanzania has frozen the issuance of new maize export permits for Kenyan traders in what could worsen the shortage of the product, which has driven prices of flour to historic highs.

RELATED POSTS

AfDB, BCI promote women’s access to finance in Africa with $485,000

Cooking gas price increased by 24.05% in one year – NBS

Nigeria inaugurates Committee on African Growth and Opportunity Act

Several millers and animal feed manufacturers in Kenya told Business Daily the neighbouring country stopped issuing permits last week, tightening the supply of the staple locally.

“We have been unable to get maize from Tanzania since last week after the country stopped issuing export permits to traders with the cutting off of stocks from Tanzania expected to push up the cost of flour,” said Ken Nyaga, the chairperson of the United Grain Millers Association.

ALSO READ  Buhari arrives in Belgium ahead of EU-AU summit

John Gathogo, publicity secretary of the Association of Kenya Feed Manufacturers, said their members are unable to get stocks from Tanzania as well following the move that has seen processors cut down on production.

Millers are issued with a one-off permit for grain export from Tanzania and they need to apply for a new one every time they intend to ship maize out of that country.

Tanzania has for the last two years become a key source market for maize to bridge deficits especially after the two countries mended their trade ties with the change of regime last year following the death of former President John Magufuli.

ALSO READ  Nigeria earns $4.820bn from non-oil export in 2022

Data from the Eastern Africa Grain Council shows imports from Tanzania nearly grew five-fold last year to 469,474 tonnes from 98,000 tonnes in 2020.

The development has left processors jostling for stocks that are available locally and a few imports coming in from Zambia. Tanzania restricts exports to protect its local stock following poor harvests.

The Kenya Bureau of Standards (Kebs) said the maize coming in through the Namanga border has significantly declined, confirming that imports into the country at that point is originating from Zambia.

“We have witnessed a significant decline in maize coming in from Tanzania; on average we are now getting 10 trucks from a high of 80 trucks previously,” a Kebs official at the Namanga border said.

ALSO READ  Nigeria pumps N2.7tn into agric infrastructure

The move leaves Zambia as the only key source market for the produce to bridge the local deficit as most stocks from Uganda— also a key source — is now heading to South Sudan owing to high prices in Juba.

The shortage occasioned by Tanzanian ban will push up the price of maize locally to Ksh5,900 ($49.06) for a 90-kilogramme bag from Ksh5,400 ($44.91), according to millers.

Kenya has been relying on cross-border stocks from Tanzania and Uganda to meet the rising demand of flour after supply in the local market dwindled. The price of flour has jumped to Ksh210 ($1.75) for a two-kilo pack after the subsidy programme that lowered the cost to Ksh100 ($0.83) ended.

TheEastAfrican

Tags: ExportKenya
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Traditional female weavers yearn to boost earnings
Economy/Technology

AfDB, BCI promote women’s access to finance in Africa with $485,000

March 24, 2023
SON alerts on second hand gas cylinders
Economy/Technology

Cooking gas price increased by 24.05% in one year – NBS

March 24, 2023
Economy/Technology

Nigeria inaugurates Committee on African Growth and Opportunity Act

March 24, 2023
Nigeria urged to create enabling space for Fintech operators
Economy/Technology

CBN debunks viral news suspending fintech companies’ accounts

March 24, 2023
Reliable data critical in eradicating child labour- NBS boss
Agriculture

Food prices continue to rise in February- NBS

March 24, 2023
Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

CBN confirms evacuation of banknotes, directs banks to open for weekend operations

March 24, 2023
Next Post
Strike puts Nigeria in darkness

Kenya Power faces fines for unreliable electricity

NSIA, Agency in deal on solar power

Traders happy with power supply in South East

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

DMO releases bonds issuance calendar

DMO lists additional savings bonds for subscription at N1,000 per unit

August 1, 2022
Stable petrol supply excites Buhari

Authority begins review of petroleum regulations

August 1, 2022
22 African nations in debt crisis

World Bank rates Nigeria 5th in IDA debt

August 9, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • AfDB, BCI promote women’s access to finance in Africa with $485,000
  • Cooking gas price increased by 24.05% in one year – NBS
  • Nigeria inaugurates Committee on African Growth and Opportunity Act

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?