Kenya tops in intra-EAC trade as Covid cuts foreign imports - News Summed Up

Kenya tops in intra-EAC trade as Covid cuts foreign imports


Kenya recorded a jump in trade value with her East African Community peers in the third quarter of 2020, as the Covid-19 pandemic paved way for the growth of intra-regional trade. Uganda, a key trading partner with Kenya, was the second biggest exporter in the region with quarter three volumes closing at Sh137.4 billion up from Sh91.6 billion. Tanzania's expports to the region were valued at Sh133 billion, recovering from a low of Sh10.1 billion in the April-June quarter. Intra-EAC trade hit a negative 110 in April when countries closed their borders to mitigate the spread of the virus. It started picking in May in three countries (Kenya, Uganda and Burundi).


Source: The Star February 19, 2021 10:52 UTC



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