Kenya: Alarm as Kenya's Trade Gap Increases to U.S.$5 Billion

Kenya's trade deficit nearly hit Ksh500 billion ($5billion) in the first five months of the year, official statistics show, signalling pressure on the shilling and slowing down growth in new jobs.

The deficit - the gap between imports and exports - widened by 8.66 per cent to Ksh494.26 billion ($4.9 billion) between January and May from Ksh454.86 ($4.5) billion in similar period in 2017, data released last week by the Kenya National Bureau of Statistics (KNBS) indicate.

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