This archive report was first published on 9 October 2019.
On October 9, 2019, Business Daily Africa published an editorial urging Kenyan businesses to boost their industrial capacity.
Kenya's exports to China have been growing steadily, with a 74 percent increase between January and June 2019. This growth is a positive sign, as it indicates that Kenyan businesses, particularly in the agriculture sector, have found new markets for their products.
However, the country still has a long way to go in terms of reducing its trade deficit with China. To address this imbalance, both countries need to work together to create more opportunities for Kenyan companies to export to China.
For Kenyan firms to have a significant impact on the economy and create jobs, they must expand their industrial capacity. This will enable them to produce higher-value goods and services, not just for the Chinese market but also for other countries like India, where Kenya has struggled to make inroads in 2019.
