Higher dollar inflows from agricultural exports, tourism, and diaspora remittances helped narrow the current account deficit to 1.6 percent of GDP in June from 1.8 percent in April, boosting the shilling and forex reserves held at the Central Bank of Kenya (CBK).
CBK Governor Kamau Thugge said on Wednesday that horticulture and coffee exports supported the inflow end of the account, helping balance the effect of higher imports of industrial supplies, including machinery.
