×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Kenya loses Sh800 billion annually to counterfeits

Vocalize Pre-Player Loader

Audio By Vocalize

Anti-Counterfeit Authority Executive Director Dr. Robi Mbugua Njoroge (left) with Tanzania Fair Competition Commission Director General William Eroi (right) addressing the media at Authority Headquarters in Nairobi on March 25, 2024. [Boniface Okendo, Standard]

Kenya is losing a staggering KSh800 billion annually an amount equivalent to nearly 9% of its Gross Domestic Product (GDP) due to the proliferation of counterfeit goods, according to data released by the Anti-Counterfeit Authority (ACA).

The economic drain is not only straining the country's financial health but also costing Kenyans 44,000 jobs each year.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Falling crude oil prices raise hope of relief at the pump
By Brian Ngugi 11 hrs ago
Business
Kenya's first dollar-denominated green property fund oversubscribed as investors seek hard-currency returns
By Brian Ngugi 18 hrs ago
Enterprise
Why US has beaten China to clinch Kenya's Sh9.7tr minerals deal
Business
From financing to procurement: Who is fooling whom in JKIA expansion deal?