Nairobi — Small-scale traders in Nairobi’s Kamukunji, Gikomba and Nyamakima markets have threatened to shut their businesses nationwide on Friday, August 28, in protest over a new Kenya Revenue Authority (KRA) customs valuation benchmark.
The traders are opposed to the increase in the minimum benchmark for a 40-foot container of consolidated cargo from Sh2.5 million to Sh3.2 million, effective August 20.
The 28 percent increase adds Sh700,000 to the benchmark used to assess consolidated imports,…
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