The Kenya Export Promotion and Branding Agency (Keproba) has launched its 2023-27 Strategic Plan in a bid to increase exports by 10 per cent annually.
The Strategic Plan is in line with the guidelines for preparation of fifth generation strategic plans issued by the National Treasury’s State Department for Economic Planning.
Kenya witnessed a significant increase in its export performance with total exports surpassing the Kshs 1 trillion mark in 2023 (from Sh873.1 in 2022 to Sh1.064 trillion in 2023), Keproba said.
The trade deficit on the other hand narrowed from Sh1,617.6 billion in 2022 to Sh1,604.04 billion in 2023.