Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Kenya. The stories here come from users.

Latest Badges:

View all KISIKA SAMUEL's badges.

Kenya risks losing KES 7B to EU

24 September 2014, 12:01 Samuel Kisika

Nairobi - The East African Affairs Principal Secretary, John Konchella has said the government is racing to sign a trade agreement with the European Union (EU) to avoid the levies that could cost exporters KES 7.7 billion.

Konchella told the National Assembly's committee on Regional Integration that the government will sign the required Economic Partnership Agreement (EPA) before the September 30 deadline to save the country from losing its exports worth KES 61 billion annually.

“The ministry is equally concerned about EU issue. We will take up this matter and we hope to inch an agreement or a grace period will be granted to avoid disruptions in our exports," said Konchella.

Read Also: Poor quality affects Kenya's agricultural exports

“The agreement would have been signed six months ago to save the country from loss of billions. There has been disagreement within the EU market but this has been resolved. We are still in business with EU and we anticipate signing the deal on Friday,” he added.

The Kenya Association of Manufactures Chief Executive, Betty Maina told the committee that 200 containers of fruits and 400 containers of flowers are at the port of Mombasa waiting for export to EU market despite the impending duties.

Maina said if the agreement is not signed before the provided time, Kenya will be the only country in Africa without duty free access to the EU market.

“Kenya's exports will be subjected to export duty rates under Generalized System of Preferences (GSP). The anticipated GSP rates will be higher and could amount to a revenue loss of KES 7.674 billion,” said Maina.

Read Also: Govt says taking action to curb residue chemicals in EU exports

She added that the country will not only incur losses on its exports but also thousands of jobs in the respective manufacturing industry.

“The impact on the economy through job losses would be major. Floriculture directly employs about 90 000 workers; vegetable sector employs up to 5 000 workers," said Maina.

She also reiterated that about 60 000 small scale farmers depend on vegetables for their livelihoods while their incomes impact over 500 000 persons directly in rural areas.

Maina further expressed fears that some exporters are likely to shift market to areas with duty free exports thus affecting the country's economy.

Kenya has enjoyed preferential duty free which includes zero percent duty rates on all exports to the EU for over 30 years.

On April 16, 2013, the EU Parliament issued a directive that all countries accessing the EU market sign new EPAs before October 1, 2014.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and likeour Facebook page!

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Victor Tinto
EACC officers raid Deputy Governo...

EACC officers raided the home of a Deputy Governor as theft case continues in court. Read more...

Submitted by
Wilson Ochieng
New IEBC bosses to be named Novem...

New IEBC bosses will be named on November 30. Read more...

Submitted by
William Korir
DP Ruto has spoilt my name, activ...

DP William Ruto has spoilt my name, activist complains. Read more...

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...

Submitted by
Wilson Ochieng
Quit if you can't fight corruptio...

An MP has told President Uhuru Kenyatta to quit office if he cannot fight corruption. Read more...

Submitted by
Wilson Ochieng
Investigate Uhuru, Ruto for corru...

Investigate President Uhuru Kenyatta and DP William Ruto's offices over corruption, CORD leader Raila Odinga has said. Read more...