Kenya’s exports to key African markets hit five-year low

Kenya’s total exports to key markets in Africa shrunk to a five-year low in 2017, new data showed, an indication of growing pain for local producers and the economy.

The country’s overall exports to Africa were recorded at Sh223.9 billion last year, marking a successive fall since 2015 and the lowest since 2013, according to the Economic Survey 2018.

“The trend in total exports to Africa was consistent with the performance of exports to the Comesa (Common Market for Eastern and Southern Africa) region which declined by 2.2 per cent to Sh166.4 billion in 2017,” the Kenya National Bureau of Statistics (KNBS) said.

Improved exports are an indication of more agricultural, factory and industrial output which translates to bigger employment numbers.

Further, proceeds from exports represent…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.