Kenya uses $1bn in 6 months to import basic foods

Kenya uses $1bn in 6 months to import basic foods

Mkikuyu- Akili timamu

JF-Expert Member
Joined
Feb 16, 2018
Posts
4,310
Reaction score
7,465
Kenya’s food imports cross Sh100bn mark for first time
THURSDAY, AUGUST 9, 2018 21:28
BY CONSTANT MUNDA
Kenya’s food imports crossed the Sh100 billion mark in the six months through June for the first time, official statistics show, underscoring the country’s growing reliance on foreign markets despite improved weather.
Food and beverages order bill from abroad stood at Sh108.51 billion in the January-June period, a 12.55 per cent rise over Sh96.41 billion in the same period last year, data collated by the Kenya National Bureau of Statistics indicate.
Kenya’s dependence on foreign markets to feed her citizens has nearly doubled in the review period compared with Sh55.80 billion at the same time in 2015 and is more than two times the Sh33.66 billion in 2010. The country’s over-reliance on rain-fed agriculture has seen her increasingly resort to imports in the event of dry weather.
A biting drought last year, for example, prompted subsidies and waiver of import duties between mid-May and December to smoothen purchase of food such as maize, milk powder and sugar from abroad to meet demand and arrest price hikes.
Kenya’s major food imports include maize, unmilled wheat and wheat flour, rice and sugar, according to the Economic Survey 2018. Increased purchase of food such as staple maize from abroad saw Kenya run Sh4.13 billion trade deficit against Uganda in five months through May for the first time ever.
This was after imports from the landlocked country jumped more than two-and-a-half times to Sh30.21 billion against Sh26.08 billion exports from Nairobi.
The neighbouring country accounted for 70.36 per cent of the nearly 419,548 tonnes of maize imports, an equivalent of about 4.66 million 90-kilogramme bags, in the period, statistics by the Kenya Revenue Authority showed on June 14. Food accounted for 11.77 per cent of the country’s Sh921.88 billion total import bill between January and June, unchanged from 11.39 per cent share in the same period last year when Kenya suffered one of the worst drought spell in recent years.
Food security, largely through increased investment in irrigation, is one of the four pillars of President Uhuru Kenyatta’s ambitious “Big Four” plan which runs to 2022. “Achieving this (food security) will require enhancing large-scale production by placing an additional 700,000 acres of land through PPP and by promoting investments in post-harvest handling as well as adopting contract farming and other commercial off-taking arrangements, including supporting the development of agro parks or hubs to serve as a link to farmers and markets,” Treasury secretary Henry Rotich said in budget statement for this financial year ending next June.
Kenya’s food imports cross Sh100bn mark for first time
 
They have said key investments in fintech, infrastructure, blue economy (hii sasa ni nini??), and information technology (nailab), will sort these kind of problems.
 
You should know food imports also include things like whysky, wine, apples, cheese, biscuits etc.
It just shows the spending power is going up.
 
Those r not basic foods the report means things like maize, sukumawiki and beans!

Is the report about basic food or all food and beverage imports?
Some basic items might have increased, but the report includes everything else.

It clearly states that the total import bill was 921 billion, of which food was 11%, which is 108 billion.
As long as our spending power continues to grow, the import bill will continue to grow. US imports over $100 billion of agricultural products despite having almost a whole continent to themselves.
 
Kenya’s food imports cross Sh100bn mark for first time
THURSDAY, AUGUST 9, 2018 21:28
BY CONSTANT MUNDA
Kenya’s food imports crossed the Sh100 billion mark in the six months through June for the first time, official statistics show, underscoring the country’s growing reliance on foreign markets despite improved weather.
Food and beverages order bill from abroad stood at Sh108.51 billion in the January-June period, a 12.55 per cent rise over Sh96.41 billion in the same period last year, data collated by the Kenya National Bureau of Statistics indicate.
Kenya’s dependence on foreign markets to feed her citizens has nearly doubled in the review period compared with Sh55.80 billion at the same time in 2015 and is more than two times the Sh33.66 billion in 2010. The country’s over-reliance on rain-fed agriculture has seen her increasingly resort to imports in the event of dry weather.
A biting drought last year, for example, prompted subsidies and waiver of import duties between mid-May and December to smoothen purchase of food such as maize, milk powder and sugar from abroad to meet demand and arrest price hikes.
Kenya’s major food imports include maize, unmilled wheat and wheat flour, rice and sugar, according to the Economic Survey 2018. Increased purchase of food such as staple maize from abroad saw Kenya run Sh4.13 billion trade deficit against Uganda in five months through May for the first time ever.
This was after imports from the landlocked country jumped more than two-and-a-half times to Sh30.21 billion against Sh26.08 billion exports from Nairobi.
The neighbouring country accounted for 70.36 per cent of the nearly 419,548 tonnes of maize imports, an equivalent of about 4.66 million 90-kilogramme bags, in the period, statistics by the Kenya Revenue Authority showed on June 14. Food accounted for 11.77 per cent of the country’s Sh921.88 billion total import bill between January and June, unchanged from 11.39 per cent share in the same period last year when Kenya suffered one of the worst drought spell in recent years.
Food security, largely through increased investment in irrigation, is one of the four pillars of President Uhuru Kenyatta’s ambitious “Big Four” plan which runs to 2022. “Achieving this (food security) will require enhancing large-scale production by placing an additional 700,000 acres of land through PPP and by promoting investments in post-harvest handling as well as adopting contract farming and other commercial off-taking arrangements, including supporting the development of agro parks or hubs to serve as a link to farmers and markets,” Treasury secretary Henry Rotich said in budget statement for this financial year ending next June.
Kenya’s food imports cross Sh100bn mark for first time
Your title states that 'Kenya uses $1bn in 6 months to import basic foods'. The very first sentence of your article says 'Kenya’s food imports cross Sh100bn mark for first time'. Which is which?
 
Any imports that is not for development is bad, Kenya economy is going left, worse enough is that Kenya Imports more than it exports and the gap is getting bigger and bigger, that is an indicator of a failing economy.
 
Tunapowasema msidhani tunawachukia,no ,no, no. We are helping your government ianzekufikiria human development.
Kenya need a good leadership and honest. But if you continue to choose traders, your country will fall down. Wenyewe wataenda kukaa ulaya au nchi nyingine kama yule rais wa Ghambia.
 
Tunapowasema msidhani tunawachukia,no ,no, no. We are helping your government ianzekufikiria human development.
Kenya need a good leadership and honest. But if you continue to choose traders, your country will fall down. Wenyewe wataenda kukaa ulaya au nchi nyingine kama yule rais wa Ghambia.

LDC pretending to advice a middle income country. Peleka hio advice yako Burundi.
 
Hawa jamaa wanahitaji maombi,,halafu sehemu kubwa ya ardhi nzuri wamewapa wazungu walime maua,,haya sasa kuleni hayo maua.!

Huwa wanasema wazungu wakitoka economy yao itacollapse.

Ndio maana serikali imeweka wazungu wakoloni kwa mashamba wapande tea, coffee, flowers na wengine wamepewa mashamba kubwa ya kufuga wanyama pori (conservancy)
 
Back
Top Bottom