Kenya’s Exports to Africa Fall: First Time in Six Years

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Kenya’s annual earnings from goods sold to key African countries fell for the first time in six years, data from the Central Bank of Kenya shows, shining a spotlight on the competitiveness of the manufacturing sector, which faces the impact of a stronger shilling among other headwinds.

Trucks carrying transit goods from the Port of Mombasa queue as they approach the Mariakani Weigh Bridge on April 18, 2023.

Kenya’s annual earnings from goods sold to key African countries fell for the first time in six years, data from the Central Bank of Kenya shows, shining a spotlight on the competitiveness of the manufacturing sector, which faces the impact of a stronger shilling among other headwinds.

Traders earned an estimated Sh421.34 billion from goods exported to other African countries in 2024, up from Sh429.69 billion a year earlier, breaking a trend of sustained growth since 2019.

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According to the data, average food and beverage prices increased 5.5 per cent in the 12 months to February, compared to 5.1 per cent in the 12 months to January. The average prices of bread and cereals, which carry the heaviest weighing in the food inflation calculation, rose 5.9 per cent in the 12 months to February, compared to 5.5 per cent over the 12 months to January. Prices generally rose across all food items between January and February, ending a prolonged period of declining food prices stretching back to the beginning of last year.