These headlines were published on Jan 21st & 22nd. I always read about our GDP growth etc… But accounts tell a different story. Kenya is broke.
Most businesses import goods for resale within Kenya, instead, Kenya should be looking processing / manufacturing locally, to export globally.
Kenya’s highest Forex earner comes from remittances, folk sending cash back home.
“The remittances in Kenya have risen to become the biggest source of foreign exchange, ahead of tourism, tea, coffee and horticulture exports.”
In 2018, the remittances was about $2.8 billion.
That is just so wrong, in that Kenya doesn’t have multi billion dollar export industries. It doesn’t even have to be high-tech, for example Ireland, they exported about $13 billion just in agriculture / foods