- xml:namespace prefix = st1 />Kenya is formulating an export development strategy to diversify the country’s exports base, its trade and industry permanent secretary, Peter Keter, says. He adds that the strategy document would take into account the production and export of goods as well as services in a more coordinated, competitive and sustainable manner.
“The strategy is tailored towards broadening Kenya’s export products and services and maximising foreign exchange earnings,” says Keter. He adds that the services sector, if adequately developed, could contribute significantly to economic growth.
Keter says services such as transport, banking and finance, accountancy and management consultancy facilitate the smooth operation of businesses.
“The service sector has the potential for growth in the three East African countries through export earnings, employment creation and poverty reduction,” says Keter.