CBK assures stable shilling amid Dollar inflows
CBK Governor Kamau Thugge said the foreign exchange reserves are expected to remain strong, providing enough buffer to shield the economy from both domestic and external shocks...
✨ Key Highlights
The Central Bank of Kenya (CBK) has assured the public that the Kenyan shilling will remain stable due to significant inflows of US dollars from recent government asset sales.
- Reserves are expected to cover 5.5 to 6 months of import cover.
- Key figure: CBK Governor Kamau Thugge.
- Notable detail: Inflows from the sale of the government's Safaricom stake are anticipated to boost reserves to approximately Sh2.1 trillion ($16 billion).
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CBK assures stable shilling amid Dollar inflows - July 2026
The Central Bank of Kenya has assured the public that the Kenyan shilling will remain stable due to significant inflows of US dollars from recent government asset sales. The Kenya Revenue Authority has more than doubled its collections from negotiated tax disputes through its Alternative Dispute Resolution program in the fiscal year ending June, marking recovery after a decline in the previous year. Additionally, the government is set to earn Sh22.5 million monthly from leasing land in Mombasa to Asharami Synergy Limited for an LPG storage facility.
