Kenya’s trade deficit widened by Sh215.6 billion in the first eight months of the year as the cost of maize and rail imports soared amidst flat export earnings.
Latest data from the Kenya National Bureau of Statistics (KNBS) shows the cost of imports rose by 23 per cent or Sh216.3 billion to hit Sh1.156 trillion in the eight months to August, while export earnings only rose by Sh701 million or 0.2 per cent to Sh394.4 billion.
