ICF to boost Kenya’s Trade Facilitation With US$ 3.5M grant
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The Government of Kenya has today signed a funding agreement with Investment Climate Facility (ICF)
that provides for financial support of US$ 3,500,000 to Kenya Trade Network Agency (KENTRADE) to implement the National Electronic Single Window System.
Chief Executive Officer of ICF, Mr Omari Issa, represented ICF while the Minister of Finance, Mr Robinson Githae, signed on behalf of the Government of Kenya. The signing ceremony was witnessed by the Economic Secretary, Ministry Of Finance/Treasury,Geoffrey Mwau, the Chairman of KENTRADE, General Joseph Kibwana(Rtd), Chief Executive Officer of KENTRADE, Mr Alex Kabuga and Michael Makale,Chief Operating Officer,ICF.
The electronic Single Window platform will enable submission, receipting, and processing of documentation used in clearing trade-related cargo. It will be the sole entry point for lodging trade transaction documents in Kenya.
The platform will link up key trade stakeholders such as the Kenya Revenue Authority, Kenya Ports Authority, Kenya Bureau of Standards, Kenya Plant Health Inspectorate Services, Port Health Services with clearing and freight forwarding agents. The system will also enable electronic payments of trade transactions.
The overall objective of the project is to facilitate International trade in Kenya by reducing delays and lowering costs associated with clearance of goods at the Kenyan borders, while maintaining the requisite controls and collection of levies, fees, duties and taxes, where applicable, on imports or exports. Further, this project will help to enhance trade within the East Africa region.
Specifically the project aims at: