Food import bill overtakes machinery on duty waivers

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Imported yellow maize being offloaded at Mombasa port. FILE PHOTO | NMG

Kenyans have this year spent more money on importing food than capital goods such as machinery for the first time, underlining the impact of a prolonged drought and disruptions in the global supply chains which prompted the William Ruto administration to waive duty on key food items.

Traders splashed a record-high Sh199.75 billion on food and beverages ordered from abroad in the first seven months of the year, analysis of the latest official data suggests, a 49.84 percent jump over Sh133.30 billion in a similar period last year.

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Note: The results are not exact but very close to the actual.