Kenya loses Sh69 billion to counterfeit goods annually

Industrialisation PS Dr Wilson Songa addresses Chief Executives of anti-counterfeit enforcement agencies at a Nairobi hotel yesterday. [PHOTO: MOSES OMUSULA/STANDARD]

Kenya: The country loses up to Sh69 billion annually due to proliferation of contraband goods into the economy.

Participants at a forum convened by enforcement agencies to discuss the Government’s stand on protection and enforcement of intellectual property rights were told that local manufacturers and businesses lose Sh50 billion to the menace that also deprives the State of Sh19 billion annually in un-remitted tax revenues.