Nine years since the Africa Growth and Opportunity Act (Agoa) was enacted, Kenya is yet to fully benefit from the legislation. Although the country’s slow pace of economic reforms and growth are largely to blame, US stringent import policies have also undermined the benefits. The Ministry of Trade says Kenya’s volume of exports to the US have been minimal. For instance, in 2006, export to the US amounted to Sh21 billion and Sh19.3 billion in 2007 against imports of Sh24.7 billion in 2006 and ...read more
Nine years since the Africa Growth and Opportunity Act (Agoa) was enacted, Kenya is yet to fully benefit from the legislation. Although the country’s slow pace of economic reforms and growth are largely to blame, US stringent import policies have also undermined the benefits. The Ministry of Trade says Kenya’s volume of exports to the US have been minimal. For instance, in 2006, export to the US amounted to Sh21 billion and Sh19.3 billion in 2007 against imports of Sh24.7 billion in 2006 and Sh44.5 billion in 2007.