Kenya’s exports to Ethiopia up 68 pc on increased food consignments - Capital Business
Connect with us

Hi, what are you looking for?

The Environmental, Social, and Governance (ESG) First Fund focuses on  investing in Africa and Asia with an aim of generating commercially viable financial returns through provision of flexible capital as well as strengthening a positive social impact.

Africa

Kenya’s exports to Ethiopia up 68 pc on increased food consignments

NAIROBI, Kenya, Jan 7 – Exports to Ethiopia more than doubled rising by 68 percent in the third quarter of 2021 compared to a similar period in 2020, data released by the Kenya National Bureau of Statistics (KNBS) has said.

The increment from Sh 1,927 billion to Sh 5,963 billion was attributed to the rise to increased food exports to the East African country which has been hit by a political crisis over war between government forces and the rebel Tigray People’s Liberation Army (TPLF) in the north of the country.

United Nations (UN’s)  World Food Programme (WFP)  had said in December 2021 that more than nine million people required food aid in northern Ethiopia.

Overall,  the Balance of Payments report prepared by KNBS noted that Kenya’s export value rose by 7.5 percent with Africa accounting for the highest value at Sh78,389 billion.

“This growth partly resulted from increase in the value of domestic exports of food preparations for infants to Ethiopia and electric generating sets and converters to Tanzania,” the report noted.

Uganda, Tanzania and Rwanda and Ethiopia were listed as the leading contributors to the export value at Sh19,196, Sh13,106, Sh7,177 and Sh5,963 billion respectively.

Exports to Tanzania also rose by 31 percent standing at 13,016 billion on increased listed electric generating sets and converters exports to Tanzania

Nonetheless, over the same period, exports to Uganda and South Sudan shrunk by 12.7 per cent and 37.5 per cent, respectively.

Domestic export s(goods grown , produced within Kenya) were valued at Sh160.2 billion representing a 10.6 percentage increase from the corresponding quarter of 2020,

Advertisement. Scroll to continue reading.

The growth was largely on account of increase in domestic exports of horticulture, articles of apparel and clothing accessories, edible products and preparations, and titanium ores and concentrates.

Export earnings from the European Union marginally rose by Sh0.7 billion billion, exports  to Asia recorded a slight increase of 3.3 per cent while the value of exports to the United States of America rose by 31.2 percent.

Increased exports to America, KNBS, said was partly due to an increase in exports of macadamia nuts and articles of apparel and clothing accessories while the slow growth  from Asia was partly due to a decline in domestic exports of tea to Pakistan.

Advertisement

More on Capital Business

Kenya

NAIROBI, Kenya Mar 20  – Kenyan riot police fired tear gas Monday to disperse demonstrators gathered in Nairobi for a day of action called...

Government

In a gazette notice dated January 12, Ndung’u revoked the appointment of Susan Mudhune, Mukesh Shah, Richard Opembe, Leonard Ithau and Charles Makori Omanga...

Africa

NAIROBI, Kenya, Oct 19 – Safaricom consortia will spend Sh36.3 billion ($300 million) annually in Safaricom Ethiopia. Safaricom Chief Executive Officer (CEO) Peter Ndegwa...

Government

NAIROBI, Kenya, Sep 21 – Revelations that President Uhuru Kenyatta’s regime spent Sh54.68 billion as he prepared to leave office has raised concerns over...

Africa

ADDIS ABABA, Ethiopia August 15 — Ethiopian Prime Minister Abiy Ahmed on Sunday inaugurated the Dire Dawa Free Trade Zone, the country’s first free...

Finance

NAIROBI, Kenya, June 1 – President Uhuru Kenyatta has urged the next administration from using debt even as emphasized its importance as a key...

China Communications Construction Company

NAIROBI, Kenya, May 11 -Nairobi Senatorial aspirant, Edwin Sifuna has urged the Kenya National Highway Authority of Kenya(KeNHA) to allow motorists to use the...

Government

NAIROBI, Kenya, Apr 4 — President Uhuru Kenyatta on Monday at State House, Nairobi signed into law five parliamentary bills among them the 2022...