Kenya's foreign exchange reserves have reached a record high of nearly $10.59 billion, as reported by the Central Bank of Kenya in their weekly financial update.

• Reserves increased by $122 million this week, maintaining import cover for 4.7 months.
• President William Ruto acknowledged the challenges faced in achieving this growth amid a foreign exchange crunch in 2023.
• The stable Kenyan shilling, currently trading at 129.22 to the dollar, has aided in building reserves without frequent central bank intervention.