Photo Courtesy of Citizen Digital News

Kenya expects to produce over $1 billion (Ksh. 133 billion) in textile and apparel exports by 2027, President William Ruto said on Tuesday, citing current potential and investment growth. "A compound annual growth of 20 per cent is feasible, which would produce over $1 billion in exports and create 200,000 more jobs by 2027, further increase exports to $2 billion with 650,000 jobs by 2031, and reach over $3 billion of exports and more than 850,000 jobs by 2034,” Ruto said while commissioning the Nexgen Packaging factory at the Athi River Export Processing Zone (EPZ) in Machakos County.

Read More: https://www.citizen.digital/business/kenya-projects-ksh133b-textile-exports-by-2027-ruto-n340873