Despite Kenya’s steady remittance inflows and the recovery in tourism, the current account deficit increased as surging commodity prices pushed imports to an all-time high.
Search Results: current account deficit (76)
The Kenyan shilling hit a record low of 150 against the dollar on Monday. Last week, the Kenyan shilling depreciated…
Kenya witnessed a 14.1% increase in remittance inflows in August 2023, with the U.S. accounting for 54% of the total.…
Kenyans living in diaspora sent home KSh48 billion in March, a 15.5 per cent increase compared to the KSh41.6 billion…
Kenya’s economy is recovering but still faces several challenges, such as high inflation, currency depreciation, and high debt servicing costs,…
Liquidity in the money markets tightened, with the average interbank rate increasing to 4.4% from 4.2%