C
Originally published by Capital Businessbusiness
August 2, 2026
3h ago
Kenya’s forex reserves surge to historic high of $15.4bn
The reserve surge, up from 13.85 billion dollars the previous week, was primarily driven by capital inflows from the government's partial divestiture of Safaricom, the country's leading telecommunications company...
✨ Key Highlights
Kenya's foreign exchange reserves have reached an unprecedented high of $15.4 billion, according to the Central Bank of Kenya (CBK). This surge marks a significant increase from the previous week's $13.85 billion.
- The historic reserve level now covers 6.4 months of imports.
- Key drivers include capital inflows from the government's partial divestiture of Safaricom and an anticipated influx from Nedbank's acquisition of a local bank.
- The reserves have remained above $12 billion since January 2026, bolstering the shilling's stability.
Continue Reading
Read the complete article from Capital Business
Advertisement
Advertisement