C
Originally published by Capital Business
📰 Read Full Article
business
April 12, 2026
22h ago

Kenya forex reserves drop Sh43.9bn on global pressures

Kenya forex reserves drop Sh43.9bn on global pressures

Data from the Central Bank of Kenya shows reserves declined by $340 million to $13.316 billion (Sh1.72 trillion), equivalent to 5.7 months of import cover, down from $13.656 billion the previous week. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenya's foreign exchange reserves saw a significant drop of Sh43.9 billion in the week ending April 9, impacted by global economic pressures.

  • Foreign exchange reserves declined by $340 million to $13.316 billion, offering 5.7 months of import cover.
  • The Central Bank of Kenya (CBK) reported the decrease, attributing it to rising global energy prices and supply chain issues.
  • Despite the fall, reserves remain above the statutory minimum of four months of import cover, indicating a buffer against external shocks.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement

Related News

Advertisement