In the face of a weakening shilling, the Kenya National Chamber of Commerce and Industries (KNCCI) is pushing for local businesses to explore export markets. Vice president Mustafa Ramadhan envisions this initiative as a potential remedy for a positive balance of trade, aiming for a trade surplus where exports surpass imports.
To achieve this, the KNCCI has established an operational office in China, securing export orders totaling Sh280 million within the first two months. The focal point of this collaboration is the burgeoning demand for mushrooms in the vast Chinese market, estimated at a staggering Sh90 billion annually.
“The demand for mushrooms is around Sh90 billion per year… we have agreed with them and we have carefully selected 12 people to go and train people on farming of mushrooms that can grow in all weather conditions,” Ramadhan said. “So someone from those trainers will be coming to this region to train people on how to grow mushrooms and take advantage of the Sh90 billion market,” Ramadhan said.
[ Sh100 = €0.60 ]
Source: pd.co.ke