Forex reserves up Sh33bn after IMF loan injection

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Central Bank of Kenya. FILE PHOTO | NMG

Kenya’s forex reserves held at the Central Bank of Kenya have increased by Sh33.4 billion ($313 million) since the beginning of this month following the disbursement of the first tranche of an International Monetary Fund (IMF) loan facility to the government.

Central Bank of Kenya (CBK) data shows the reserves stood at $7.656 billion (Sh817.7 billion) on April 15, up from $7.343 billion (Sh784.2 billion) on April 1.

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