- Speaking during the 25th anniversary of the East African Community (EAC), President William Ruto admitted that Kenya was behind in business
- In November 2024, Tanzania overtook Kenya as Uganda's main source of imports in Africa, importing goods worth KSh 540 billion
- In the year ending June 2024, Tanzania accounted for 42.56 percent of Uganda's products from Africa, while Kenya and South Africa accounted for 19.55 percent and 6.43 percent respectively.
President William Ruto He has congratulated Tanzania for surpassing Kenya in terms of goods and services sold in the East African region.
Why William Ruto congratulated Tanzania
Speaking in Arusha, TanzaniaFriday, November 29, during the 25th anniversary of the East African Community (EAC), Ruto admitted that Kenya was behind in business.
“I congratulate Tanzania for surpassing Kenya in the products and services we do business in East Africa. Kenya was the leading country for the products and services we do in this region. Today, Tanzania has surpassed Kenya.
I must congratulate Tanzania for the step that reaches that the number of businesses is increasing between our countries. What is it. For us to be successful we need a big enough market for our people to do business and invest,” Ruto said.
How Tanzania passed Kenya
In November 2024, The Citizen newspaper reported that Tanzania had overtaken Kenya as the largest source of Uganda to import products in Africa.
Bank of Uganda noted that the landlocked country imported goods worth $4.17 billion (KSh 540 billion) from COMESA and elsewhere in Africa in the year ended June 2024, with Tanzania accounting for almost half of this total.
According to the Uganda Revenue Authority, Uganda mainly imports gold, rolled steel or non-alloy steel, carboys and nuts, bottles, and bottles from Tanzania.
In the period under review, Tanzania accounted for 42.56 percent of Ugandan goods imported from Africa, while Kenya and South Africa accounted for 19.55 percent and 6.43 percent respectively.
How Kenyans reacted to Ruto's statement
Kennedy Ouya:
“So shamelessly, all because of him.”
Chisabari:
“What is this argument? Our economy has stagnated, and he wants to congratulate Tanzania instead of resigning!”
Mosoti:
“Thanks to his punitive policies.”
@PillowsandDuvet:
“The man has no shame at all.”
Kenyan African:
“A confused man.”
Benjamin:
“If we had strong institutions, that would be a sufficient basis to prosecute him.”
Whispers:
“It is already a burden for Kenyans.”
Kenya falls in the level of commercial attractiveness in Africa
Earlier, TUKO.co.ke reported that as Kenya experienced a difficult economic situation characterized by high interest rates in the first half of the year, it dropped one place in the Stanbic Bank Africa business index.
Kenya was ranked sixth in the latest Stanbic Bank Africa Business Index, behind South Africa, Namibia, Mozambique, Tanzania, and Nigeria.
Kenya's business attractiveness dropped from fourth in 2022 to sixth in the bottom half of the table.
The decline is part of a larger pattern that has been occurring for the past three years.
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Source: TUKO.co.ke
