Kenya’s import-export gap widens to Sh1.37 trillion

Kenya’s policies to cut its swelling trade deficit have failed to reverse the trend after the value of the gap between its imports and exports widened to more than Sh1.3 trillion.

This is after the cost of importing fuel, industrial raw materials and food widened Kenya’s goods trade deficit for the first 10 months of the year by nearly a quarter, hurting job opportunities for youth and exerting pressure on the shilling.