State imports grow to record Sh89 billion

Offloading of Cargo in one of the Vessels that docked at the Port of Mombasa on March 06, 2024. 

Photo credit: File| Nation Media Group

The value of import orders by government agencies rose at the fastest pace in at least eight years after they jumped 48.4 per cent during the 12 months to June 2024 to hit Sh89.04 billion, coinciding with the current administration's first full year in office.

An analysis of official data from the Central Bank of Kenya (CBK) shows that the growth is the highest since the year to June 2017, when the apex bank started making full disclosures of the imports.

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