Kenya ranked 6th most vulnerable in Africa

The US Federal Reserve rate rise could hit Kenya’s economy, an accountants’ lobby has said in a new report, which ranks the country as the 6th most vulnerable in Africa.

The Institute of Chartered Accountants in England and Wales (ICAEW) said Kenya ranked 6th in terms of vulnerability scoring just under 250 points out of 300. “This can be attributed to the nation’s current account deficit, which stands at 10.4per cent,” the report said.