Sep 8 2023
Kenya horticulture exports rebound on stronger Euro
Photo: The East African
Kenya’s earnings from horticultural exports for the half-year period through June recovered from a double-digit fall in the prior year amid a strengthening euro and moderating inflationary pressures. Sales from horticultural exports amounted to Sh69.48 billion in the review period, according to data collated by the Central Bank of Kenya (CBK), a modest 7.16 percent rise from Sh64.84 billion in a similar period last year.
The increased earnings came at a time when the euro appreciated 16.54 percent against the shilling between January and June, boosting revenue for Kenyan producers who largely earn in the eurozone currency.