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EA losses $500million to counterfeits annually

Some counterfeit goods and exports diverted to the local market confiscated by the Kenya Revenue Authority. Photo/FILE

East Africa loses over Sh40 billion ($500 million) annually in tax revenue due to counterfeit and pirated products finding their way into the market.

East African Business Council (EABC) wants the threat tackled to protect the region’s fledging industries.

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