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Modernizing Kenya’s ports and decongesting the Northern transport corridor will be a game changer in establishing the country as the regional gateway for trade. Treasury Cabinet Secretary (CS) Ukur Yatani speaking at the treasury Tuesday, while signing financing agreements with Trademark East Africa (TMA) said that reducing the time it takes to enter and exit […]
NAIROBI, Oct. 9 (Xinhua) — Kenya’s exports to countries in East African Community (EAC) have surpassed the pre-COVID-19 period, with the pandemic seemingly catalyzing trade. The exports to Uganda, Tanzania and Rwanda recovered from May, sustaining an upward trajectory to August, new economic data from government statistics agency released on Thursday shows. To Uganda, Kenya’s […]
Summary New data from the Central Bank of Kenya (CBK) show the gap between imports and exports dropped by 18.7 percent to Sh629.75 billion from Sh774.75 billion recorded in the same period last year. In the period, export receipts improved by five percent to Sh423.34 billion compared to Sh403.21 billion last year. On the other […]
Landlocked countries are net importers and dependent on neighbours to access the sea he rapidly increasing population and a growing consumer class across Africa are creating a big demand for imported goods. This means that countries that act as the gateways to the continent improve cargo transport to tap into this evolving market. Requirements will […]
NAIROBI, Kenya, Sept 17 – Kenya’s economy is expected to rebound in the last quarter of 2020 on the back of increased export of horticultural products, fruits, and tea to key markets, a new report has said. According to a report released by Scope Markets, this will be a marked improvement, especially of the horticultural […]
The transport and logistics sector is set for a major transformation following the launch of the Kenya Transport and Logistics Network that brings the running of the ports, railway services and pipeline under one parastatal. The new outfit will manage the Kenya Ports Authority, Kenya Pipeline Corporation and Kenya Railways under the Industrial and Commercial […]
Kenya’s exports to South Sudan in the first quarter of the year have grown three folds to stand at Kshs 9.07 billion compared to the same period last year, data from Kenya Exports Promotion and Branding Agency shows. According to Top 25 Export Markets Trends report by KEPROBA, the East African Community member state imports […]
Africa loses an estimated $670 million in rejected exports annually due to contamination by aflatoxin. Contamination of the cereal products by the highly-poisonous chemical results in the exports failing to meet the required standards. By wreaking havoc in food stores, the highly poisonous also causes huge losses in trade revenues. This was revealed early this […]
In Summary Uganda exports mostly animal, vegetable fats and oils and cleavage products to Congo. Other commodities include sunflower-seed, safflower or cotton-seed oil, and fast consumer goods. Uganda’s exports to Rwanda have fallen to a paltry Shs328m, explaining the damage caused by the yet to be resolved border dispute. This is the lowest Uganda has […]
SUMMARY Pressure on the Kenyan shilling against the US dollar is seen persisting for the remainder of the year, economists have forecast, keeping the cost of goods high in a net import economy. The shilling has persistently exchanged above 108 units against the greenback since August 6, and analysts at UK-based research firm Capital Economics […]
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