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African Development Bank:

'Kenya leads in flower exports to the European Union'

Kenya is now a lead exporter of cut flowers to the European Union with a market share of about 38 percent, African Development Bank (AfDB) annual report for 2013 that was released recently reveals.

The report recognizes the country’s flower industry as one of the largest in the world and is a key foreign exchange earner.

“In 2013, exports from the cut flower sector are expected to reach some USD 1 billion, compared to USD 692 million in 2011,” notes the report.

Kenya’s cut-flower industry has performed well in terms of employment, attracting investment, and adoption of efficient production methods, and that the bulk of cut flower processing is done in Kenya and the industry now employs close to half a million people.

The report notably, indicated that smallholder farmers in the flower industry tend to profit more than those in the tea and coffee sectors.

Click here to read the complete article at kenyaflowercouncil.org
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