Trucks transporting fuel wait for their turn to be transhipped across Likoni ferry channel to mainland Likoni in Mombasa County, Kenya. PHOTO | LABAN WALLOGA | NMG
Kenya’s trade deficit for the first eight months of the year narrowed by nearly double digits on falling import bills due to reduced expenditure on materials for factories, machinery for infrastructure projects, and fuel.
The deficit – the gap between merchandise exports and imports – fell to Ksh1.01 trillion ($6.8 billion) from nearly Ksh1.12 trillion ($7.51 billion) a year ago, provisional official data showed.
