News

Kenya: Food Import Spending rose by 30% between January and April 2018

Kenya: Food Import Spending rose by 30% between January and April 2018
  • Comments   -   Tuesday, 12 June 2018 - 16:58

(Ecofin Agency) - In Kenya, food import spending jumped over the first 4 months this year. Central Bank of Kenya revealed that KSh68.63 billion were earmarked for food purchases over the period, reflecting an increase by 30% compared to last year.

This amount also represents about 11.64% of the country's total import expenditures which stood at KSh589.62 billion ($5.8 billion) during the period under review. This heavy food import bill results from bad weather conditions last year leading the country to increase purchases of corn, milk, rice, wheat and sugar.

Let’s note that agriculture is the mainstay of Kenya's economy, accounting for nearly 32% of GDP, and generating 45% of export earnings. Moreover it provides over 70% of informal employment in rural areas, according to the National Agricultural Export Development Board (NAEB).

Espoir Olodo


Liquid Telecom Kenya struck a partnership agreement with Sigfox, specialized in Internet...
Read more |  17 August 2018
World Bank will grant a $15 million loan to Guinea-Bissau, Amadou Oumar Ba,...
Read more |  17 August 2018
The European Bank for Reconstruction and Development (EBRD) provides $44 million to support...
Read more |  17 August 2018
In a statement published on August 15, 2018, the Moroccan company Wafa...
Read more |  17 August 2018
MC Mining which operates Uitkomst coal mine announces that on Thursday 16,...
Read more |  17 August 2018
MTN Uganda, whose license will expire in October 2018, should list its...
Read more |  17 August 2018
The Liberian National Housing Authority NHA has initiated discussions with GELPAZ IMMO...
Read more |  17 August 2018
Liquid Telecom Kenya struck a partnership agreement with Sigfox, specialized in Internet...
Read more |  17 August 2018
World Bank will grant a $15 million loan to Guinea-Bissau, Amadou Oumar Ba,...
Read more |  17 August 2018
The European Bank for Reconstruction and Development (EBRD) provides $44 million to support...
Read more |  17 August 2018
In a statement published on August 15, 2018, the Moroccan company Wafa...
Read more |  17 August 2018
MC Mining which operates Uitkomst coal mine announces that on Thursday 16,...
Read more |  17 August 2018
MTN Uganda, whose license will expire in October 2018, should list its...
Read more |  17 August 2018
The Liberian National Housing Authority NHA has initiated discussions with GELPAZ IMMO...
Read more |  17 August 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.