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Uganda orders boost Kenyan businesses after poll-linked slowdown

Published on May 10, 2016

Export orders from Uganda improved business conditions in Kenya in April after a slowdown in March, a survey released by CfC Stanbic Bank on Monday.

The growth in trade with Uganda resumed in earnest after the conclusion of elections in March according to the bank.

 

Jibran Qureishi, regional economist for East Africa at CfC Stanbic Bank said,

It’s business as usual in Uganda after the conclusion of elections in February and hence Kenya’s manufacturing exports have been robust

The lender forecast that the completion of the standard gauge railway will further increase the trade with Uganda. The railway line is set to reach Nairobi by mid next year. Read more. Source | Business Daily