Kenya's Economic Outlook Divides the World Bank and CBK. How Should Investors Weigh the Real Risks?

Kenya's economic outlook has become the subject of a rare divergence between the Central Bank of Kenya (CBK) and the World Bank, with the regulator insisting the country has sufficient foreign exchange reserves to weather the fallout from the Middle East conflict while the lender warns that rising oil prices, slowing remittances and a widening current account deficit could gradually erode the gains made over the past year.