Kenya’s balance of payments slips into deficit position

Kenya’s balance of payments has slipped into a deficit position following a drop in financial inflows, in the absence of the Eurobond and amidst low tourist numbers, wiping out gains of a lower import bill.

The country’s balance of payments, which represents all economic transactions between Kenyan and the rest of the world, had a deficit of Sh6 billion in the year to November down from a surplus of Sh87.2 billion a year earlier.