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Kenya Africa exports slide continues to new eight-year low - 8 months ago, 13 June 18:42

By: Constant Munda

Kenya’s exports to key markets in Africa fell to an eight-year low in the first four months of the year, official statistics show, continuing a trend that has been reflected in annual data over the years.

Latest data by the Central Bank of Kenya (CBK) show earnings from the continent were about Sh71.44 billion, a 4.5 per cent drop compared to the same period in 2017 and the lowest since 2010.

Reduced trade between Kenya and the rest of Africa is in keeping with a trend observed in the 12 months to December 2017.

Kenyan factories have been losing their market share in Africa despite the country being a member of the six-nation East African Community (EAC) and 19-member Common Market for Eastern and Southern Africa (Comesa) partly due to import substitution amid dwindling industrial competitiveness.

Export orders from neighbouring Uganda, the country’s largest market in Africa, for example fell by 5.69 per ...
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