Sharp Daily
No Result
View All Result
Saturday, July 19, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenya’s trade with the East African region improved in Q1’2023

David Musau by David Musau
June 6, 2023
in News
Reading Time: 1 min read
East African Community Flag

[Photo/Courtesy]

Kenya has experienced a hike in trade surplus in the past few months as a result of increased exports and a decline in import expenditure for the last 12 years, according to the central bank report. This surplus has been occasioned by the increased trade partnership and integration between Kenya and the East African countries. Uganda remains Kenya’s top export destination in Africa, accounting for around 33.3% of Kenya’s total exports to Africa.

Kenya exported goods worth Kshs 30.96 billion to Uganda in the first quarter of 2023, which is a growth compared to the previous period, with the leading exports to the country being vegetable oils, pharmaceuticals, fuel, and steel. Kenya also recorded increased exports to Tanzania in the same period. Generally, Kenya exports agricultural products such as tea, coffee, tobacco, and pyrethrum, with tea leading the list.

The efforts by President William Ruto to bring integration among the African countries, especially the east African region, have seen Kenya’s exports shoot to high levels, as statistics show. The president called on the member states of the east African community (EAC) while speaking during the launch of flagship report last month to ease barriers to allow free movement of people so as to facilitate trade.

Kenya’s total exports to the African region accounted for Kshs 160.57 billion in the first quarter of 2023, which was also an improvement from the previous quarter. The Presidents endeavour to unite the East African region will see trade improve in the region in the coming years while strengthening diplomatic ties in the region.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025
Previous Post

Kenya’s Goods Trade Surplus with Africa Reaches Record Levels, Boosted by Export Growth and Trade Integration

Next Post

KBC And Posta Lined Up For Bailouts In Turnaround Plan

David Musau

David Musau

Related Posts

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025

Park your money where it grows: Why more Kenyans are turning to Cytonn Money Market Fund

July 16, 2025

Strategies to boost alcohol and tobacco tax revenues

July 16, 2025

Kenya’s reactive monetary policy

July 16, 2025

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024