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Jul 12 2024
DRC now Kenya’s fastest-growing EAC export market

Photo Courtesy of The East African

The Democratic Republic of Congo (DRC) has overtaken Uganda to become Kenya’s fastest-growing export market within the East African Community bloc, new data shows, despite frosty diplomatic relations between Nairobi and Kinshasa. Kenya's exports to the DRC jumped by more than half (56.04 percent) to Ksh8.62 billion ($66 million at current exchange rates) in the first three months of the year, according to the latest official data, the biggest year-on-year growth in over a decade. "Notably, there was increased domestic exports of …wheat flour to Democratic Republic of Congo,” the Kenya National Bureau of Statistics (KNBS) wrote in the latest Balance of Payment report, covering the first quarter of 2024.

Read More: https://www.theeastafrican.co.ke/tea/business/drc-now-kenya-fastest-growing-eac-export-market-4685774

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