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Current account deficit drops to eight-year low

Kenya’s current account posted a deficit given the country is a net importer with the merchandise trade deficit of Sh341.2 billion between April and June this year.

Photo credit: Shutterstock

By  John Waweru

Data Journalist

Nation Media Group

Kenya’s current account deficit for the second quarter of the year narrowed to the lowest in four years on increased service receipts.

A current account deficit shows that a country is exporting less compared to what it is importing.

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