Kenya’s current account deficit narrowed to 4.2 percent in the 12 months to June 2023 from 4.8 percent in May, helped by exports growing at a faster pace compared to imports in the period.
The Central Bank of Kenya (CBK) said the account, which measures the balance of hard currency inflows and outflows as a percentage of GDP, is projected to end the year at a deficit of 4.8 percent, improving from 5.1 percent in 2022.
