Kenya’s trade deficit narrows by Sh108bn

tankers

Trucks transporting fuel wait for their turn to be transshipped across Likoni ferry channel to mainland Likoni. FILE PHOTO | LABAN WALLOGA | NMG

Kenya’s trade deficit for the first eight months of the year narrowed by nearly double digits on falling import bills due to reduced expenditure on materials for factories, machinery for infrastructure projects, and fuel.

The deficit – the gap between merchandise exports and imports – fell to Sh1.01 trillion from nearly Sh1.12 trillion a year ago, provisional official data showed this week.

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