Renaldo Desouza, head of research at Nairobi-based investment bank Sterling Capital, said the big change in the current account was not surprising after the more than 30 percent increase in diaspora remittances and improved earnings from agricultural exports and tourism.
Renaldo Desouza, head of research at Nairobi-based investment bank Sterling Capital, said the big change in the current account was not surprising after the more than 30 percent increase in diaspora remittances and improved earnings from agricultural exports and tourism.
A shift in focus would have meant that China’s debt would be near or around the same level as the previous quarter while that of the WB or other financing partners would have increased,” said Reynaldo Desouza, an analyst with Sterling Capital, an investment bank.