Kenya's Service Exports Soar as Tech and Finance Workers Find Opportunities Abroad
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Remittances to Kenya reached $4.12 billion in 2022, a 3.2% increase over the previous year.
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Kenya is exporting more skilled labor, especially in tech and finance, compared to traditional low-skill exports.
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The World Bank report shows services exports have grown significantly and exceed goods exports for Kenya.
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The service industry accounts for 45% of jobs and 54% of value added in Kenya.
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Skilled service exports support other jobs, with every $10 earned generating $15 for less skilled workers.