Category
đ
NewsTranscript
00:00 [BLANK_AUDIO]
00:10 [BLANK_AUDIO]
00:36 This job has played a very big role in my family.
00:41 If I can just say, since I was employed here, my kids were still young.
00:46 But up to now, I've educated them.
00:49 The first month I've just completed the university level last year, and
00:53 others are in colleges.
00:55 So it means a lot to me, yeah.
00:57 [BLANK_AUDIO]
01:07 At present, I think 99% of our products are going to US only.
01:19 We used to do fair amount of business with Europe.
01:23 But now, Pakistan, Vietnam, and Bangladesh all became duty free.
01:28 Bangladesh was always there, but Pakistan and
01:30 Vietnam came in place, so we are not that competitive.
01:33 So our main focus remains as US market.
01:36 [BLANK_AUDIO]
01:46 [BLANK_AUDIO]
01:56 So we are praying that they extend.
02:07 If they extend, it is going to be a very big advantage towards Kenyans,
02:12 that's lads.
02:13 [BLANK_AUDIO]
02:23 [BLANK_AUDIO]
02:33 [BLANK_AUDIO]
02:59 Once Agoa is gone, all the buyers are gone, all the productions are gone.
03:04 So similarly, if Agoa is not there,
03:07 it will be not sustainable for us to survive here.
03:11 So Agoa is supreme.
03:13 All four pillars of the business are based on Agoa only.
03:17 [BLANK_AUDIO]
03:28 [BLANK_AUDIO]
03:38 A scenario where American industry scales down means we go further deep
03:55 into the challenge of not having the US dollars.
03:59 And this being an economy where we rely a lot on this export,
04:07 import business, especially close to 80% we import from outside.
04:13 And the imports are not in Kenyan shillings.
04:15 So it means US reduction of interest in our textiles
04:20 makes it difficult for us to import whatever we normally import,
04:25 be it foods, be it petroleum products.
04:29 And if you go down the chain, you get that if we can import
04:33 the petroleum oil products, then the cost of living
04:38 that many Kenyans are talking about then goes up.
04:40 [BLANK_AUDIO]
04:50 [BLANK_AUDIO]