The Central Bank of Kenya (CBK) posted a net deficit of Sh24.34 billion during the financial year ended June 30, 2024 as a weakening shilling weighed heavily on its operations resulting in unrealised forex losses.
The regulator’s latest net deficit is in contrast to a net gain of Sh150.49 billion registered during the financial year ended June 30, 2023, according to disclosures from the bank’s audited financial statements for the year ended June 30, 2024.
