Kenya woos oil importers in bid to reclaim business lost to Tanzania
A new oil jetty at the Kenya Pipeline Corporation depot in Kisumu in western Kenya. Nairobi is wooing petroleum importers with a raft of incentives. PHOTO | FILE | NATION MEDIA GROUP
Kenya hopes to regain its petroleum export market after cutting pipeline tariffs by 50 per cent, a development that sets up stiff competition with Tanzania.
Nairobi, which had lost about 30 per cent of its petroleum export market to Dar es Salaam, is also stepping up its crackdown on fuel adulteration and smuggling, a growing menace costing the government $340 million annually in lost taxes.
