Photo courtesy of People Daily

The government is proposing to splash Sh267.7 billion in the upcoming 2023/24 financial year to support the production of key products currently being prepared for exports markets.

The move targets to bridge the country’s widening trade deficit. The amount will be split into nine value chains prioritised by President William Ruto’s Kenya Kwanza administration to rectify a battered economy compounded by both domestic and global uncertainties.

These value chains comprise cotton to textile and apparel, edible oil crop production, dairy, leather and leather products, rice production, and tea. Others include blue economy, minerals and tree planting, and construction and building material value chains.

Read more: https://www.pd.co.ke/business/state-proposes-sh268b-for-key-export-products-178888/