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Originally published by Capital Businessbusiness
October 16, 2025
12h ago
Seven in ten CEOs expect AGOA expiry to hurt businesses
NAIROBI, Kenya, Oct 16 - Seven in ten bank CEOs and other private sector leaders expect the expiry of the African Growth and Opportunity Act (AGOA), along Kenya breaking news | Kenya news today |..
✨ Key Highlights
A recent Central Bank of Kenya Market Perceptions Survey reveals that seven in ten CEOs expect the expiration of the African Growth and Opportunity Act (AGOA) to negatively impact their businesses, leading to increased import costs and reduced export volumes.
- Kenya exported $470 million worth of apparel to the U.S. last year, supporting over 66,000 direct jobs.
- The Kenya Private Sector Alliance (KEPSA) and Parliament have urged the U.S. to renew AGOA for at least 16 years or grant a two-year transition window.
- The U.S. recently reintroduced a 10 percent reciprocal tariff on Kenyan imports under the "America First" trade framework.
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