By THEURI PAULKenya’s big challenge is to reduce the gap between the import bill and export revenues. Last year, the deficit reached more than 13 per cent of GDP — at Sh946.8 billion. A wide deficit denies the country an opportunity to create more jobs, with local firms losing out to foreign ones and piling pressure on the shilling. To balance its current account, Kenya will have to more than double the volume of its three top exports — tea, coffee and horticulture. The World Bank projects that 85 million manufacturing jobs will leave China over the next decade.

Source: Daily Nation March 17, 2018 15:00 UTC