Kenya’s official foreign exchange reserves are expected to grow by $2.23 billion (Sh288 billion) by the end of this year compared to December 2023, supported by the recent disbursements from the International Monetary Fund (IMF) and higher remittance and export inflows.
Official forex reserves stood at $8.97 billion (Sh1.16 trillion) at the end of last week, as per the latest Central Bank of Kenya (CBK) figures, which represented a growth of $2.36 billion (Sh305.2 billion) since the beginning of the year.
