Kenya’s import cover has dropped to the lowest levels in seven years, reflecting lower foreign funding amid a faster growth in imports than exports and a slowdown in remittances from Kenyans abroad.
Latest Central Bank of Kenya data shows the stockpile of foreign currencies stood at $7.32 billion (Sh752.96 billion) last Thursday, a drop of $103 million (Sh12.45 billion) compared with the week before.
