Kenya’s import cover has fallen by $172 million (Sh17.76 billion) in a month, signalling renewed dollar demand as the country nears October 26 repeat presidential poll.
Foreign exchange reserves dropped further by $39 million (Sh4.03 billion) last week to $7.373 billion (Sh761.48 billion) or 4.90 months of import cover, latest report from the Central Bank of Kenya (CBK) shows.
