Kenya’s current account deficit narrowed by 39.0% to Kshs 84.9 billion in Q1’2023 from Kshs 139.3 billion recorded in Q1’2022.…
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Kenya’s current account deficit is projected to narrow in 2023, helped by a better trade performance, the country’s central bank…
Kenya’s current account deficit declined to 4.9 per cent of the gross domestic product (GDP) in 2022, compared to 5.2…
According to the regulator, goods exports have remained strong, growing by 13.9 per cent in the 12 months to September 2022 compared to a similar period in 2021.
The CBK estimates a wider current account deficit at the end of the 2022 calendar year at an equivalent 5.9 per cent of GDP on account of higher international oil prices.
A current account deficit is occasioned by high spending on imports compared to export earnings.