Kenya’s export earnings to the US under the Africa Growth and Opportunity Act (Agoa) dipped 41.7 percent last year, new data shows, hit by an overall drop in shipments of apparel products and denying traders gains during a period when the shilling had substantially weakened against the dollar.
The Office of the United States Trade Representative (USTR) in a newly published report said that Kenya exported products worth Sh65.77 billion ($510million) to the US under the Agoa scheme in 2023, bucking a growth trend from the previous year when Washington took up goods worth Sh66.88 bllion ($517million) from the country.
