Troubled Manufacturing Sector Registers $390m Export Revenues

Apr 22 , 2022

Close to 390 million dollars has been generated from the export of manufactured products over the first nine months of the financial year. Despite the growth, 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. Revenues from the export of manufactured products trail far behind forex generated from the export of agricultural commodities such as coffee and cut flowers. Coffee exports alone generated 894 million dollars over the first three quarters.