Home NEWS County News Kenya loses billions of shillings annually to illicit trade, says Anti-Counterfeit Authority

Kenya loses billions of shillings annually to illicit trade, says Anti-Counterfeit Authority

The country is losing billions of shillings annually to counterfeits and other forms of illicit trade.

Consequently the Anti-Counterfeit Authority, is promising to address the multiple and growing challenges posed by counterfeiting and illicit trade in the country.

Channel 1

In an interview with KBC Thursday morning Anti-Counterfeit Authority Deputy Director Education and public awareness Agnes Karingo noted that 80pc of counterfeit goods in Kenya are from overseas.

She says as an agency they have employed quite a number of strategies to address the challenges facing the sector.

She pointed out public awareness and capacity building for Kenyans to fight counterfeits in the market as some of the strategies.

It is estimated that one in every five products sold in Kenya is counterfeited and almost four million Kenyans are using counterfeit goods that include sugar, cigarettes, alcohol, bottled water, pharmaceutical products and cooking oil, posing a serious threat to health and security and depriving our economy of vital revenue.

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