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Originally published by Capital Business
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business
April 9, 2026
2h ago

CBK flags debt payments, slower inflows in forex reserve decline

CBK flags debt payments, slower inflows in forex reserve decline

The CBK has flagged rising external pressures on the economy, linking the recent dip in reserves to slowing remittance inflows and heightened geopolitical risks, even as it maintained that buffers remain adequate to shield the shilling. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenya's foreign exchange reserves have recently declined, primarily due to external debt payments and slower remittance inflows, according to the Central Bank of Kenya (CBK).

  • Gross reserves stood at $13.4 billion as of April 7, providing about 5.7 months of import cover.
  • The CBK, led by Governor Kamau Thugge, reassured markets that these buffers remain sufficient against short-term shocks.
  • Factors contributing to the decline include external debt servicing, weakening diaspora inflows, geopolitical risks, and a widening current account deficit.

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