Kenya projects exports to rise 15 pct in 2023

NAIROBI, May 11– Kenya projects its exports to rise 15 percent to hit 1.01 trillion shillings in 2023, up from 6.38 billion dollars recorded in 2022, a government official said Thursday. Peter Ochieng, acting director of Research and Innovation at the Kenya Export Promotion and Branding Agency, told Xinhua in Nairobi, the capital of Kenya, that the increase will…

NAIROBI, May 11 (Xinhua) — Kenya projects its exports to rise 15 percent to hit 1.01 trillion shillings (about 7.38 billion U.S. dollars) in 2023, up from 6.38 billion dollars recorded in 2022, a government official said Thursday.

Peter Ochieng, acting director of Research and Innovation at the Kenya Export Promotion and Branding Agency (KEPROBA), told Xinhua in Nairobi, the capital of Kenya, that the increase will be driven by greater sales of agricultural products to the European Union and Britain.

“The ongoing favorable weather conditions will result in higher production of tea, coffee and horticultural products,” Ochieng said on the sidelines of a forum on promoting Kenya as a global destination hub for outsourcing work.

Ochieng added that Kenya has also discovered new export markets for its livestock products in the Middle East and Asia this year.

He revealed that the country will also benefit from the rising demand for Kenya’s manufactured products in Africa.

“This year we also expect to sell more manufactured products such as pharmaceuticals as well as construction materials to the Democratic Republic of the Congo,” Ochieng added. Enditem