Kenya's foreign exchange reserves have significantly increased to $14.59 billion (Sh1.88 trillion), bolstered by proceeds from a recent Eurobond issuance.

• Kenya's forex reserves now stand at $14.59 billion, providing 6.2 months of import cover.
• The Central Bank of Kenya (CBK) reported the increase in its latest weekly bulletin.
• This surge in reserves strengthens the country's external buffers and its capacity to support the Kenyan Shilling.

During International Women’s Day celebrations organized by the Bidii Girls Program in Nairobi, women were strongly encouraged to prioritize saving, smart investments, and mentorship for financial independence and long-term economic empowerment.

• Key speakers emphasized that financial literacy and disciplined money management are crucial for building sustainable livelihoods.
• Mercy Muchomi Gichuru, a Financial Advisor at Stima SACCO, and Ema Obonyo, a representative from Stima SACCO, urged women to adopt a savings culture and invest wisely, highlighting SACCOs as platforms for wealth growth.
• Deborah Anne Selly Kimosop, representing the Cabinet Secretary for Environment, underscored the significant economic impact of empowering women financially, noting it strengthens industries and builds resilient value chains.

A Sh4.98 billion contract to upgrade a section of Mombasa Road has been awarded to China Road and Bridge Corporation (CRBC), displacing local firms previously contracted for the work.

• The contract value is Sh4,981,338,499.71.
• The affected local firms included Shovels and Trowels Ltd, linked to Belgut MP Nelson Koech's wife, and Wolf Paving Ltd.
• The contract was awarded to CRBC using the Specially Permitted Procurement (SPP) method on December 18.