Browsing: Kenya National Bureau of Statistics

• Investment and trade between the two countries was valued at more than $600 million last year.
• Kenya’s exports last year increased to $7.9 million from $6.3 million in 2021, the country’s Economic Survey 2023 indicates.
• Imports from Indonesia were valued at $187.7 million having dropped from $307.5 million the previous year.

Kenya is now keen to increase trade volumes mainly exports to the Asean market, with its renewed ties with Indonesia. President William Ruto said investment scope will also be broadened to bring about a balance of trade that is currently in favour of the Southeast Asian country.

“We will seize our energies and create the necessary environment for increased trade between our countries,” President Ruto said on Monday.

Investment and trade between the two countries was valued at more than $600 million last year. Indonesian economy registered a growth of  5.3 per cent in 2022 compared to of …

Studies indicate that girls marrying or dropping out of school early are more likely to have poor health, bear more children over their lifetime and earn less in adulthood. Ending early child marriage according to a report (The cost of not investing in girls: Child marriage, early childbearing, low educational attainment for girls, and their impacts in Uganda), could generate up to US$2.7 billion in annual benefits (in purchasing power parity terms)which includes lower population, among others.

Moreover, it would contribute to increased earnings for women today had they been able to avoid early marriage, say, in 2015.

Instead, up to US$500 million is lost. The loss according to the report is due to risks associated with early marriage and childbirth such as under-five mortality and stunting for young children. Moreover, with a lower population, governments could invest resources to improve the quality of the services provided, instead of squeezing …

In the first six months of the year, Kenya’s food imports had increased to sh103.34 billion. The figures collected by the Kenya Revenue Authority (KRA) showed that the food imports were sh12.35 billion more than the amount spent in the same period in 2020.

According to data from the national treasury, import expenditure increased by 29 per cent in the third quarter of 2021. China is the most significant contributor of Kenyan imports accounting for 31.6 per cent of the total bill from the Asian continent.

This is the fastest growth in the food import bill since a 60 per cent jump recorded in 2016 when the bill stood at sh82.83 billion. The exponential increase has been linked to the growing popularity of digital trading, allowing retailers and consumers to order and ship food and other commodities directly.…