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Regional trade has kept Kenya's economy afloat, says CBK deputy boss

Published on November 11, 2015

Much of Kenya’s trade is with its East African peers, a factor that has strengthened its financial sector by ensuring the country is not exposed to the volatility in the global financial market. According to Central Bank of Kenya (CBK) Deputy Governor Sheila M’Mbijiwe, 40 per cent of Kenya’s trade is largely regional and this has cushioned the country’s currency against volatility in the global market. “The diversity of Kenya’s trade within the region has helped it stabilise its currency,” explained M’Mbijiwe. Read more. Source | Standard Digital