Several players in the multi-billion shipping logistics sector are hopeful that the introduction of letters of guarantee for containers as an alternative to cash deposits could spur the growth of businesses in the country, particularly small-scale operators.
Mombasa-based shipping expert Sylvester Kututa, described the entry of Viatrans and its Kenyan subsidiary Viaservice Kenya as a good step in the right direction, saying it is expected to reduce the cost of doing business as money will no longer be tied to container deposits. "The container guarantee scheme will likely ease the trade.
It is going to reduce the cost of doing business because money costs money.
Small freight forwarders will afford it.
