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CBK increases gold holdings by 40.8 percent
The CBK move aligns with a global trend of central banks turning to the precious metal as a hedge against currency volatility and inflationary pressures.
The Central Bank of Kenya (CBK) increased gold holdings by 40.8 percent to Sh238 million in the financial year ended June 2025, signalling a renewed push to diversify the country’s foreign reserves amid global economic uncertainty.
CBK's latest annual report shows that the value of gold held by the bank rose from Sh169 million the previous year, marking one of the largest percentage increases in recent times.
