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Kenya's Deficit Soars 76.6% Amid Export Decline

10/6/2025

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Story summary
  • Kenya's deficit jumped 76.6% to Ksh83.7 billion in Q2 2025, driven by export weakness.
  • Exports fell 16.5% to Ksh351.0 billion, while imports declined 4.5%, widening the gap.
  • External debt rose to Ksh5,684.9 billion; 77.1% funded by multilateral loans, with debt-to-GDP at 68.34% in 2025.
  • African Growth and Opportunity Act (AGOA) extension to Sept 2026 offers relief but raises stability concerns.