Looking for a Winner from the Oil Price Slump? Kenya is your Winner.
Looking for a winner from the oil price slump? Kenya could well be a prime candidate, in the emerging world at least. The rout has claimed a swath of well-documented victims, from recession-hit Brazil, Russia and Venezuela to the badly holed Nigeria and Azerbaijan and the challenged Gulf states. However Kenya — with a rapidly falling current account deficit, its first quarterly budget surplus for at least five years and solid economic growth — could be one of the less heralde