This archive report was first published on 11 July 2019.
On Wednesday, the Association of Kenya Insurers (AKI) held a consultative meeting at its head office in Nairobi, where nearly 40 general insurance underwriters and members agreed to work with the Kenya TradeNet Single Window information processing system.
According to AKI Executive Director/CEO Tom Gichuhi, the resolution aims to enhance efficiency and transparency of importation information processing, a crucial aspect of international trade.
"During the AKI General Insurance CEO's forum, member underwriters unanimously agreed that effective immediately, customs bonds shall solely be processed through the KenTrade – National Electronic Single Window System portal in line with government policy," said Gichuhi.
The KenTrade portals provide integration between Kenya Revenue Authority, the insurers, and all stakeholders in the import, export value chain, ensuring a high, consistent rate of efficiency, cost transparency, and effectiveness for Kenyan importers.
"Insurance industry players are all aligned to the need to comply with government policy that calls for cargo handling agencies to interface their systems with KenTrade's Single Window System portal ahead of the 1st September 2019 compliance deadline set by the Head of Public Service Joseph Kinyua," said Gichuhi.
