Kenya’s monthly import bill from Uganda jumped more than two-fold to Sh7.59 billion compared with Sh2.93 billion in October, marking the highest ever recorded monthly imports value from the land-locked country. However, the Central Bank of Kenya data did not give reasons for the spike in the value of imports from Uganda. Imports from Uganda in the January-November period doubled to Sh35.08 billion from Sh17.75 billion in the same period in 2016, leapfrogging Egypt to become the second importer of goods to Kenya in Africa. Overall, Kenya imported goods worth Sh180.24 billion from Africa in the 11-month period, Sh53.96 billion more than a year earlier, the CBK data shows. Global imports into Kenya grew by Sh274.02 billion, or 20.93 per cent, to Sh1.58 trillion in the period, while exports rose a measly 3.37 per cent to Sh549.18 billion.

Source: Daily Nation February 05, 2018 06:22 UTC