Kenya’s current account deficit is on track to end the year at its lowest level in 12 years, following a period of falling imports versus rising inflows from diaspora remittances and tourism.
Central Bank of Kenya (CBK) projects the deficit, which is the balance of foreign exchange inflows and outflows as a percentage of gross domestic product (GDP), will stand at 4.3 percent for the year, the lowest since 2007’s 3.23 percent.
