0 votes
in Revision by

What are some of the problems facing trade in Kenya?

1 Answer

0 votes
by (59.0k points)

Some of the problems facing trade in Kenya include;

  • Scarcity of goods - Some goods required by consumers in given places may be lacking may be due to adverse conditions.
  • Most parts of the country have poor transport network making it difficult to transport good to various markets.
  • Inadequate capital - Most traders operate small scale and have to rely on banks to expand their trading activities
  • Insecurity - In some area traders may be attacked by thugs and lose their goods hence invest in heavy and security systems that eats their profits.
  • Trade restrictions/barriers - The government may impose restrictions on goods to be imported or exported.
  • Dumping of goods - This refers to the selling of goods in an external market at a price cheaper than that charged in the exporting country.
Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.