Kenya low exports to US denies traders dollar windfall
Kenya’s earnings from exports to the United States for the half-year period ended June slid at the sharpest pace in more than two decades. PHOTO | SHUTTERSTOCK
Kenya’s earnings from exports to the United States for the half-year period ended June slid at the sharpest pace in more than two decades, denying traders gains from a weakening shilling against the dollar.
The country sold goods worth Ksh32.21 billion ($224.54 million) to the world’s largest economy, according to provisional official data collated by the Central Bank of Kenya compared with Ksh40.36 billion ($281.35 million) in a similar period last year.
