- Egypt has imposed a 15% and 10% increase in transit fees on all vessels passing through the Suez Canal
- The hike is a result of the global inflation
- The hike is set to affect Sub-Saharan African traders who depend on the canal for its exportations
Egypt announced on Saturday that it will raise transit fees in 2023 for all types of vessels passing through the Suez Canal, reports Business Insider.
According to a statement released by the Suez Canal Authority, transit fees for tankers passing...
https://mfame.guru/suez-transit-price-affects-sub-saharan-african-traders-big-tie/