Kenya’s forex reserves rebound to $15.25bn after 3-week slide : Afroconomy - Afroconomy
Pan African Edition
Markets
Naira1,326.47 NGN per USD
Rand16.2504 ZAR per USD
Shilling129.44 KES per USD
Cedi11.4971 GHS per USD
Egyptian pound51.827 EGP per USD
Dirham9.4579 MAD per USD
South Africa inflation3.2055 percent
Kenya inflation4.0691 percent
Ghana inflation14.2047 percent
Afroconomy
Kenya

Kenya’s forex reserves rebound to $15.25bn after 3-week slide

The reserves, up from 14.88 billion dollars on Sept. 3, now cover 6.3 months of imports, compared with 6.1 months a week earlier, the central bank said in its weekly bulletin released Friday.

Afroconomy Intelligence
1 min readAI Summary

Kenya's foreign exchange reserves rose to $15.25bn, recovering from a three-week decline and extending import cover to 6.3 months from 6.1 months. The improvement strengthens the central bank's capacity to defend the shilling and meet external obligations, though reserve levels remain sensitive to debt servicing and import demand pressures.

Filed Under

What did you make of this

Sign in to react and save stories. Reading is always free.

Be the first to comment

Sign in to join the conversation. Reading is always free.

    Spot an inaccuracy, policy breach or copyright concern?

    Related Reports & Analysis

    Kenya to Ban Unprocessed Gold Exports, Plans Three Refineries

    Kenya to Ban Unprocessed Gold Exports, Plans Three Refineries

    Kenya will ban exports of unprocessed gold and establish at least three refineries as the East African country moves to retain more value from its mineral resources. The post Kenya to ban unprocessed gold exports, plans three new refineries

    Via Nairametrics1 min read
    Morocco Surpasses Algeria in Foreign Exchange Reserves

    Morocco Surpasses Algeria in Foreign Exchange Reserves

    Morocco, a country with a diversified economy, has outpaced hydrocarbon-rich Algeria in foreign exchange reserves, reaching approximately $50 billion in September, according to central bank data. This milestone underscores the success of Mo

    Via North Africa Post1 min read
    Bidco chair Vimal Shah loses Sh102.4m in forex deal

    Bidco chair Vimal Shah loses Sh102.4m in forex deal

    Shah said Bidco was seeking US dollars to pay for imports of raw materials when his friend and business associate, Nicholas (Nik) Nesbitt, offered to help the company access the currency.

    Via Capital FM Business Kenya1 min read