Mutombo Coffee source Kenya’s Coffee Earnings Surge In 2021 On Higher Global Prices

The global market in 2021 saw Kenya earn more from the crop despite a decline in the quantities exported, the government statistics agency said in a report,

The East African nation earned 24.2 billion shillings (213 million U.S. dollars) in the period January to November 2021, with the value surpassing the entire 2020 earnings that stood at 196 million dollars, the Kenya National Bureau of Statistics (KNBS) said. During the 2021 trading period, Kenya’s coffee prices ranged from 4 dollars to 6.3 dollars, up from 2.5 dollars to 5.9 dollars in 2020, according to KNBS.

However, despite the rise in earnings, the quantity of coffee exported declined as production continued to dwindle for the second consecutive year. Kenya exported 35,163 metric tons (MT) of coffee in the first 11 months of 2021, a decline from 40,980 MT in a similar period in 2020, according to KNBS. KNBS said that with the country exporting an average of 2,500 MT of coffee a month, the export quantities in 2021 would not surpass the 2020 figures.

Kenya is the fifth largest producer of coffee in Africa, coming after Ethiopia (7.38 million 60 kg bags), Uganda (5.62 million bags), Cote d’Ivoire (1.78 million bags) and Tanzania (913,000 bags).

Robert C. Bush Jr

About Robert C. Bush Jr

I am a senior investment executive with experience across industries (advanced manufacturing, financial services, energy, ICT, e-health, life sciences, security, and retail), geographies (USA, Europe, China, Middle East and Africa), as well as asset classes (venture capital, private equity, Islamic finance). I have engaged in a full array of financial and operating special projects for sovereign-related entities, family businesses, family offices, investment companies, corporates, and startups. I have participated in more than $30 billion in transactions and co-managed assets of nearly $10 billion (usd). I speak frequently to governments, universities, and corporates on issues related to innovation, corporate governance, asset management, and evidence-based investing. Additionally, I provide commentary on live television and international media, including CNN International, Euromoney, and Fox Business News, as well as speak at global conferences, including the UAE’s Annual Investment Meeting (AIM), Milken Conference, Institutional Investor, Business Week CEO Forum, GAIM and dozens of startup pitch events around the globe. My unique, global experiences, love for teaching and learning, as well my established network of relationships, fuel my interests in entrepreneurship, prudent-decision making, and innovation. If you are living a purpose-driven life, let's connect!

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