Kenya eyes export growth through EU, COMESA trade reforms
NAIROBI, Kenya, Oct 6 - Kenya is ramping up efforts to revive agricultural exports to Europe and expand into new African markets by aligning product Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya is intensifying efforts to boost agricultural exports to Europe and expand into new African markets through aligning product standards, eliminating non-tariff barriers, and improving regional logistics. This initiative aims to revive the crucial horticultural sector, which has seen significant declines recently.
- Horticultural exports, a key foreign exchange earner, drastically dropped, with fresh vegetable exports plunging by more than half in 2024—from Sh50.9 billion in 2023 to Sh23.4 billion.
- The Trade Cabinet Secretary, Lee Kinyanjui, highlighted collaboration with the Common Market for Eastern and Southern Africa (COMESA) and the European Union (EU) to enhance market access.
- Kenya has banned over 200 pesticides that did not meet global standards to comply with stricter EU residue rules.
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Kenya Implements New Economic, Financial, and Trade Strategies - October 2025
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9.25 percent to boost private sector lending and economic growth. This marks the eighth consecutive rate cut as inflation remains stable. Separately, Kenya has launched its first comprehensive National Financial Inclusion Strategy (NFIS) 2025-2028, shifting its focus from mere access to promoting the financial health of its citizens. The country is also intensifying efforts to boost agricultural exports to Europe and expand into African markets. This initiative aims to revive the horticultural sector through aligning product standards and eliminating non-tariff barriers.
