Kenya’s current account deficit to GDP for 2022 has come in nearly a percentage point lower than earlier projected by the Central Bank of Kenya (CBK) following a better than expected performance of export earnings and higher diaspora inflows in the last quarter of the year.
The CBK said last week that the deficit, which measures the difference between a country’s forex inflows and outflows, was estimated at 4.9 percent at the end of December 2022.
