Busia Cross-border Traders fear Kenya’s high oil prices will hurt border trade

Uganda's Deputy Prime Minister Rebecca Kadaga with Kenya's Cabinet Secretary EAC, Arid and Semi-Arid lands Peninah Malonza during a tour at the Busia border to asses the custom union of Kenya and Uganda on November 10, 2023. PHOTO/COURTESY

Cross-border traders in Busia have raised concern over the increasing tariffs on petroleum, saying it will hurt the business between Kenya and her neighbour Uganda where Kenya earns in excess of $1 billion annually through exports.

The traders who presented a memo to the two countries’ East African Community (EAC) Cabinet Secretaries Peninah Malonza (Kenya) and Rebecca Alitwala Kadaga (Uganda), said such tariffs should be revised to ease business.

“Many countries in the EAC have protectionist policies that protect domestic industries and discourage regional trade integration. The current high tariffs recently introduced in Kenya, for example, will hurt border trade with Uganda and beyond,” said Sylvanus Mbongo Abungu on behalf of the traders.

The traders engaged the ministers who were on a working tour at the Busia One Stop Border Point (OSBP) on Thursday.

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Mimi Nina Lakhani
Mimi Nina Lakhani
I'm Nina, a Kenyan-born Tanzanian. I write about politics, business, investment, oil and gas, and climate. Reporting from Nairobi, Kenya. Daily News Tanzania (Tanzania) | Tuko (Kenya) | Eye Radio (South Sudan) | The Black Examiner (Uganda)