Money Markets
Euro zone turbulence helps Kenya keep inflation in check
Packing flowers: Analysts say Kenya should take advantage of the combination of declining imports bill and a weakening of the shilling against the dollar to aggressively market its exports in new markets. Photo/FILE
Posted Wednesday, July 28 2010 at 00:00
As a direct consequence of the woes in the Euro zone, horticultural exports however dipped from Sh58 billion to Sh57.1 billion in March this year.
Even though manufactured goods fell from Sh49.6 billion to Sh43.9 billion, an expanded East African Community still presents a viable market for Kenya’s manufactured exports in a fast growing region that is set to grow in economic prominence.
Uganda for instance is Kenya’s biggest export destination and is set to be one of the fastest growing economies in the world over the next few years.
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