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Originally published by Capital Business
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business
March 8, 2026
1d ago

Kenya’s forex reserves rise by Sh266bn after Eurobond boost

Kenya’s forex reserves rise by Sh266bn after Eurobond boost

The increase follows proceeds from the government’s recent Eurobond issuance, which strengthened the country’s external buffers and boosted its capacity to support the Kenyan Shilling and meet international financial obligations. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenya's foreign exchange reserves have significantly increased to $14.59 billion (Sh1.88 trillion), providing 6.2 months of import cover. This surge is attributed to the proceeds from the government's recent Eurobond issuance.

  • Foreign exchange reserves reached $14,597 million as of March 5.
  • The Central Bank of Kenya (CBK) confirmed the reserves are well above the statutory requirement of at least 4 months of import cover.
  • The Kenyan Shilling remained relatively stable, trading at Sh129.20 per US dollar.

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