Kenya’s foreign-exchange reserves dropped to the lowest in seven years, breaching the critical level of four months’ import cover. Reserves currently stand at $7.04 billion, equivalent to 3.94 ...

The number of months Kenya can finance imports with its foreign-exchange reserves fell to a seven-year low, almost breaching a required buffer, according to central bank data. Reserves held by the ...

Kenya's forex reserves remained adequate at KSh 1.19 trillion on January 2, supporting four months of import cover At the same time, the Kenyan shilling remained stable, exchanging at at KSh 129. ...

With reserves just short of the 4.5 months of import cover recommended by the EAC, Dr Thugge reckons they are adequate for any eventuality and the country has adequate firepower against any sudden ...

NAIROBI: Kenya’s foreign reserves have dropped further below four months of import cover for the second consecutive week, weakening the Central Bank’s ability to support the shilling.