Export Revenues Edge Closer to $3b

Apr 30 , 2022

Over 2.95 billion dollars' worth of goods and services were shipped abroad over the first nine months of the financial year, according to the Ministry of Trade & Regional Integration. Agricultural commodities remain the primary earners, accounting for 69pc of revenues. Coffee has brought in over 750 million dollars, while cut flowers and khat have also contributed significantly. The mining sector, mainly gold, accounts for 15pc of export revenues thus far. The troubled manufacturing sector brought in close to 390 million dollars from the export of manufactured products. Despite the performance, players in the manufacturing sector continue to decry challenges in accessing foreign currency for the import of inputs, a lack of sufficient infrastructure, shortages in skilled manpower, and other financial troubles. The issues have forced nearly 400 manufacturing plants across five regions to cease operations.