An institution of excellence in economic and public financial management
Nairobi, Kenya
Joined December 2015
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Balance on Current Account is expected at -6.4% in 2016 narrowing to -6.1 in 2017. imf.org/external/pubs/ft/weo… @IMFNews
.@IMFNews projects Kenya is expected to grow by 6.0% in 2016 and 6.1% in 2017. imf.org/external/pubs/ft/weo… @IMFNews
Benefiting from low oil prices & enjoying healthy private consumption and investment growth rates. imf.org/external/pubs/ft/weo… @IMFNews
Côte d’Ivoire, Ethiopia, Kenya & Senegal are expected to continue to expand at a very robust pace of more than 5% this year. @IMFNews
Resilience in Côte d’Ivoire, Kenya, Senegal & Tanzania partially offset generally softer activity across the region. imf.org/external/pubs/ft/weo…
Import bill declined by 8.4% on account of low international oil prices & reduced importation of machinery & transport equipment. @KNBStats
This was mainly supported by 15.3% increase in domestic export earnings, riding on growth in earnings from tea & horticulture. @KNBStats
Merchandise trade deficit narrowed by 16.7% to 223,714m in Q2 2016 from 268,426m in Q2 2015. @KNBStats knbs.or.ke/index.php?option=…
Net financial inflows grew by 4.9% from a surplus of 165,377m in Q2 2015 to a surplus of 173,413m in Q2 2016. @KNBStats
Diaspora remittances remained resilient increasing by 18.3% to 45,315m in Q2 2016. @KNBStats knbs.or.ke/index.php?option=…
The decrease in imports on f.o.b basis by 8.3% and increase in exports by 8.4% lead to contraction of current account balance. @KNBStats
During Q2 2016, the current account deficit contracted by 6.1% to 141,915m from 151,209m in Q2 2015. @KNBStats knbs.or.ke/index.php?option=…
Similarly, credit to central government grew by 23.4% to stand at 722.1b in the quarter under review. @KNBStats knbs.or.ke/index.php?option=…
Credit to the private sector grew by 5.1% from 349.2b in Q2 2015 to 367.1b in Q2 2016. @KNBStats knbs.or.ke/index.php?option=…
Total domestic credit increased by 14.7% during the review period compared to an increase of 19.5% in Q2 2015. knbs.or.ke/index.php?option=…
Financial & insurance sector recorded a growth of 7.5% in Q2 2016 compared to 7.7% registered in Q2 2015. @KNBStats knbs.or.ke/index.php?option=…
Air transport activities remained curtailed partly due to a significant decline in the volume of cargo handled. knbs.or.ke/index.php?option=…
Favourable prices of fuel coupled with continued improvement in road network supported the sector’s accelerated growth rate of 8.8%
The noteworthy performance is also evidenced by a significant growth (18.4%) in the consumption of light diesel. @KNBStats
During the quarter, retail price of diesel fell by 12.4% to 70.1 per litre from 80.0 per litre in Q2 2015. @KNBStats knbs.or.ke/index.php?option=…