Kenya projects exports to rise 15 pct in 2023

Kenya projects exports to rise 15 pct in 2023

NAIROBI, May 12 (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, 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 for outsourcing work.

 

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

The country will also benefit from rising demand for Kenya’s manufactured products in Africa, Ochieng said.

“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,” he added.

XINHUA

Xinhua News Agency, founded on November 7, 1931, is China’s national news agency as well as a global news and information network. Xinhua has set up a global news and information gathering network, with headquarters in Beijing, 33 domestic bureaus in provinces, autonomous regions and municipalities plus the special administrative regions of Hong Kong and Macao, as well as 140 bureaus in the rest of the world. Xinhua is yet to set up a bureau in Taiwan, where it has posted resident correspondents. Xinhua provides its worldwide subscribers with news and financial information products in the forms of text, photo, graphics, audio, video, and mobile phone text messages 24 hours a day in eight languages: Chinese, English, French, Russian, Spanish, Arabic, Portuguese and Japanese.