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Kenya's international trade registered notable growth in February. The country's trade with the United Kingdom reached a record high of 360 billion Kenyan shillings. Business with Somalia also increased, with reports noting support from the Somali diaspora in Mogadishu as a contributing factor.
Concurrently, domestic economic policy focused on digital and knowledge-based development. New digital platforms were launched with the aim of improving trade facilitation across Africa. Alongside these efforts, there were calls for increased investment in research to build a stronger, more competitive knowledge-based economy.
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3 topics | 75 sources
Feb 15
Kenya sees trade growth and pushes for digital economic developmentKenya is experiencing significant growth in its international trade. Its trade with the United Kingdom reached a record high of 360 billion Kenyan shillings, and business with Somalia is also increasing, partly due to support from the Somali diaspora in Mogadishu. At the same time, the country is launching new digital platforms aimed at improving trade across Africa. There are also calls for Kenya to invest more in research to build a stronger knowledge-based economy.