Reduced trade activity uncovers opportunity in energy sector

David Karani.

Kenya’s economy showed significant slowdown due to the coronavirus pandemic, an effect that was felt by every country around the world.

Import and export activities took the back burner as international travel and logistics were dealt a blow by government measures to reduce the spread of Covid-19. Kenya, traditionally a haven for imports, saw a large drop in the trade deficit as the country imported 7.77 per cent less in 2020 than the previous year, a record double-digit drop of 16.97 per cent in the trade deficit over the past decade.