In Kenya, the manufacturing sector has seen an increase in sea freight costs due to a shortage of containers in the global market, due to increased imports by US shippers from East Asia since the second half of 2020. Exporters fear that buyers may slowdown purchases in the near-term. Nick Kwolek, Founder of Kwolco joins CNBC Africa for more.
Kwolco: Roaring commodity demand pushing shipping rates higher
PUBLISHED: Wed, 14 Jul 2021 10:27:37 GMT