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July 3, 2026
1h ago

Kenyan Shilling Gets Major Boost as Forex Reserves New Record

Kenyan Shilling Gets Major Boost as Forex Reserves New Record

The two recent deals by the government are set to further inject a significant boost to reserves and further strengthen the shilling amid the shock to global economies as a result of the situation in the Middle East...

✨ Key Highlights

The Kenyan Shilling has maintained its stability, bolstered by a significant surge in the country's foreign exchange reserves to Ksh1.82 trillion (USD14.05 billion).

  • Foreign exchange reserves now cover six months of imports, well above the required four months.
  • The Central Bank of Kenya (CBK) reported the reserve level as of July 2.
  • A recent partial sale of shares in a major telecommunications company injected substantial foreign currency into the economy.

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