Kenya may be one of the beneficiaries as far as Brexit is concerned.
This comes after the industry data showed the African nation’s total horticulture exports jumped 33 per cent last year.
According to Chris Kiptoo principal secretary at the Ministry of Trade, “There will be no market disruption because of Brexit,”
Kenya earned 153.68 billion shillings ($1.53 billion) last year from horticulture exports, three industry bodies said.
Earnings for the sector are expected to rise by at least 4 per cent in 2019, said Clement Tulezi, chief executive officer of the Kenya Flower Council.
“We project that in 2019 we should surpass 160 billion (shillings), but that is conservative,” he told Reuters, adding that almost half the flower sales were made during Valentine’s and Mother’s Day.
Fresh produce exports are a key source of hard currency for the East African economy, along with tourism, cash sent home by Kenyans abroad and coffee and tea exports.
Flowers fetched 113.17 billion shillings last year, compared with 82.25 billion shillings in 2017, while vegetables accounted for 27.69 billion shillings as against 24.06 billion shillings, the Kenya Flower Council, the Fresh Produce Exporters Association of Kenya and the Fresh Produce Consortium said in a joint statement.
Fruits fetched 12.83 billion shillings as against 9 billion shillings in the previous year, it added.
Farming is the biggest sector in Kenya’s economy, accounting for about 30 per cent of annual output and employing more than half of the population, especially in rural areas.