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.
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The latest business and financial market news and analysis from East Africa and the Continent.
The reading was the lowest seen since the lockdown-hit period in April 2021.
This is the third month the inflation rate is outside the government’s targeted band of 2.5% to 7.5%.
The securities are on sale until September 13, when the period of the auction closes.
The plan puts women, the youth, and Africa’s natural resources at the heart of Africa’s economic and social development. Some of the solutions Equity is committed to achieving.
Kenya expects its fiscal deficit to narrow to KSh862.5billion, which is 6.2 per cent of the country’s Gross Domestic Product (GDP) in the current fiscal year.