Kenya’s current account deficit has stabilised at 4.7 percent in the first two months of the year, offering crucial support to the shilling against the dollar at a time when other African currencies have struggled against the greenback.
The Central Bank of Kenya (CBK) says the deficit stood at 4.7 percent by the end of February—little changed from 4.6 percent in January—supported by higher horticulture exports, diaspora remittances and a narrowing import bill.
