A Nairobi-based law firm, Dahir, Affey & Associates LLP, has formally expressed alarm to the Central Bank of Kenya (CBK) regarding a proposal to store a portion of Kenya's national gold reserves with the Bank of England, citing risks to economic sovereignty.

• The firm warned that storing reserves abroad could expose them to asset freezes and foreign political pressures, referencing Venezuela's frozen reserves in the UK.
• The letter, dated October 23, was addressed to CBK Governor Dr. Kamau Thugge.
• The firm, led by Managing Partner Abdulhakim Dahir Sheikh, urged the government to establish a high-security bullion depository within Kenya as an alternative to offshore storage.