Insurers and the Kenya Revenue Authority (KRA) have agreed on manual clearance of custom bonds insurance on a temporary basis, as the underwriters resolve a standoff with an intermediary over newly imposed fees.
The stop-gap measure has taken pressure off importers who had endured weeks of pile-up of thousands of shipments after Kenswitch Limited, a company that had been providing a platform for transmitting the original hard copy of the bonds to KRA, switched off the system demanding payment.
