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Originally published by Kenyanstop
September 10, 2026
53m ago
More Kenyans Move Savings Into Dollar Funds Instead of Shillings - Report
Kenyans have been using diversified methods to preserve their currency through alternative dollar investments, a move that has been on an upward trajectory...
✨ Key Highlights
Kenyans are increasingly investing in dollar-denominated funds, with a significant surge in foreign currency investments observed over the past year. This trend highlights a growing demand for foreign currency among Kenyan savers.
- Investments in foreign currency funds grew by Ksh15 billion in the three months to June 2026, reaching Ksh110.5 billion, a 15 per cent increase.
- The Capital Markets Authority (CMA) reported this sharp rise in investments, noting a more than 16-fold increase since March 2023.
- Kenyans are accessing these dollar investments primarily through regulated online forex platforms and Money Market Funds (MMFs), with 47 foreign currency funds now available on the market.
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