"Kenya's Financial Strain: Red Sea Militant Attacks Take Toll"

1 min read
Source: Business Insider Africa
"Kenya's Financial Strain: Red Sea Militant Attacks Take Toll"
Photo: Business Insider Africa
TL;DR Summary

Attacks by Houthi militants in the Red Sea have led to significant disruptions and increased costs for Kenyan shipping and logistics firms, with freight charges rising by 70-100% and transit times increasing from 12 days to as high as 48 days. The companies are being forced to find alternative routes, such as the Cape of Good Hope, due to the attacks, resulting in delays and inconvenience for clients.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

2 min

vs 3 min read

Condensed

86%

47368 words

Want the full story? Read the original article

Read on Business Insider Africa