Uganda exports beat imports from Kenya. Something needs to be done to sustain this!

302
1696

Editorial.

From January to end of May 2018, Uganda exported more goods to Kenya, than it imported. This was the first time this has happened since the Central Bank of Kenya (CBK) started making trade figures public.

As reported by both Business Daily Africa and Daily Monitor, “Central Bank of Kenya (CBK) put the value of goods Uganda exported at Shs1.1 trillion (Ksh30.21b) in the period to May compared with imports of Shs965b (Ksh26.08b), resulting in a ‘trade surplus for Uganda’, deficit for Kenya of about Shs153b (Ksh4.13b).”

As shared by President Yoweri Museveni; in January, Uganda’s exports to Kenya fetched USD 186m while Uganda paid Kenya USD 96 million for imports. In February, the figures were USD 149m for Uganda Exports and USD 121m for Imports from Kenya. March saw Kenya improve with Uganda getting paid USD 115m while it paid Kenya USD 132m. Then came the month of April and Uganda got USD 131m from exports to Kenya, compared to USD 92m it paid for imports from Kenya. Lastly, in May, Uganda received a cool USD 228m for its exports to Kenya while Kenya got paid USD 132million for its exports to Uganda.

The surge in the Uganda trade receipts came at the back of impressive maize harvests in Uganda versus the lukewarm harvests for the same crop experienced in Kenya. Maize flour ( Ugali) is the most consumed food across Kenya.

That Uganda exported more to Kenya than it imported from there means that our economy is closing both balance of trade and balance of payment deficits.

To a common man, this development means that Ugandan traders and farmers are earning a little more from their trade with Kenya than their Kenyan counterparts.

Infrastructure-wise, a lot has been done and more is being implemented to improve the Uganda-Kenya trade. With support mainly from TradeMark East Africa, and United Kingdom Department for Foreign Investment (DFID); one stop border posts have been built at Busia and Malaba, access roads improved and non-intrusive cargo scanners installed. Regional Electronic Cargo Tracking Systems (RECTs) have been implemented and several Non-Trade Barriers (NTBs) eliminated among other accomplishments. All these are facilitating trade between the two countries.

But have the farmers and traders been either empowered or supported to produce more? Are they able to access cheaper credit to expand their businesses? What is being done to guard them against dishonesty middlemen that buy cheaply and resale expensively?

What policy has been put in place to ensure that Uganda continues to earn more from her trade with Kenya?

302 COMMENTS

  1. When is the outwit time of era to win Clomid? Ideally, gate the serophene at the having said that days every day. Some hold that fetching the pill before bed can keep from you sleep from stem to stern some of the side effects. Others do better if they arrogate the pill in the morning. If you have another Clomid return, you can try fetching it at a personal patch of epoch

  2. How protracted can the regular mankind interrupt erect with viagra without see a doctor. An erection can form from a occasional minutes to less half an hour. On general, men take five erections a evensong while they’re sleeping, each long-term roughly 25 to 35 minutes to cost of viagra without insurance online prescriptions for viagra.

  3. Why is generic viagra in stores so expensive. Generic versions of the drug are less precious than the repute characterize medication, but the ask for in return erectile dysfunction drugs (ED drugs) remains extraordinarily high, and as a culminate, so do the how long does viagra stay in your system buy real viagra online prices.

  4. Is tadalafil 10mg enough. In non-specific, the recommended measure is 5mg generic cialis 10 mg taken previously to to anticipated progenitive work and with or without food. In those patients in whom generic for cialis 10 mg does not yield an fitting purposes, 20 mg weight be tried. It may be charmed at least 30 minutes prior to sexual activity. The topmost dose frequency is definitely per day.

  5. Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these sl websites and blogs

LEAVE A REPLY

Please enter your comment!
Please enter your name here