KENYAN APPAREL EXPORTS TO U.S. REACH 372 MILLION USD

NAIROBI– Kenya’s total apparel exports to the United States last year have reached 371.66 million US dollars a year, putting the country among the leading exporters of the product to the US in sub-Saharan Africa, according to President Uhuru Kenyatta.

In a speech read on his behalf by Industrialization, Trade and Co-operatives Cabinet Secretary (Minister) Peter Munya during the International Textile Manufacturers Federation (ITMF) conference here Friday, the president added:

This is a position we have retained for the last four consecutive years. I am also happy to inform you that Kenya will commence direct flights to the USA, providing an added advantage for our Africa Growth and Opportunity Act (AGOA) exports, he said, referring to the US law which enables selected sub-Saharan countries to have preferential access to the US market for their exports.

He noted that without the radical renewal and improvement of infrastructure and connectivity, the country would not attract the investment it needs to create jobs and prosperity in the economy.

The president added that the Government remains focused on further improvement of the business environment, policy coherence and certainty, reduction of the costs of doing business, and maximizing the returns to investment by the companies that choose to invest in Kenya.

He confirmed that the government has strengthened the country’s regulatory and legal framework for investment, which provides for adequate investor protection in line with international standards. The government has also implemented various policies and structural reforms under the Economic Transformation Agenda to foster rapid social-economic transformation.

Source: NAM NEWS NETWORK