Kenyan consumers and exporters might not benefit from an expected slump in the cost of global ocean freight, a new report by a UN agency shows, citing effects of piracy off the coast of Somalia.

Kenyan imports currently attract an extra monthly cost of Sh2.15 billion ($23.9 million) that is passed down the supply chain owing to high risk posed by piracy around the Gulf of Aden, the UN Conference on Trade and Development (Unctad) said.

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