Browsing: East

Eastern African importers face fresh costs after Yemen’s Iran-backed Houthis expanded the Gulf conflict by threatening Saudi-linked vessels transiting the Bab el-Mandeb Strait. The Houthis had largely stayed out of the Gulf crisis after agreeing not to target US vessels in the Bab el-Mandeb.

Manufacturers across the East African region, particularly those involved in the importation and assembly of Semi Knocked Down (SKD) and Completely Knocked Down (CKD) kits, have long sought tax and fiscal incentives to enhance competitiveness and support local value addition. These requests were pursued at national level and often in isolation, resulting in delayed and…