Africa lags behind in trading within its borders : The Standard - News Summed Up

Africa lags behind in trading within its borders : The Standard


In 2019, Africa remained the leading destination of Kenya’s exports accounting for 37.6 per cent of the total exports at Sh224.2 billion, with exports to East African Community partner states, accounting for 62.6 per cent of the total exports to Africa. The region is followed by Europe which is the country’s second-leading export destination with 25.4 per cent of the total exports at Sh151.3 billion. The data carves a sculpture of the sprouting fruits of the efforts put in place by the East African Community (EAC) treaty which aims to accelerate economic integration and political development of the 6 partner states. “Exports to African countries was Sh224.2 billion in 2019 with Uganda remaining the leading export destination, accounting for 28.6 per cent of total exports to Africa,” reads the report by KNBS. According to experts, Kenya and the African continent needs to be ready to implement bold policies geared towards locally processing raw materials.


Source: Standard Digital April 30, 2020 09:45 UTC



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