JUST IN: Kenya’s Forex Reserves Surge to KES 1.57 Trillion, Highest Level Since 2019 

  Kenya’s import cover has surged to 5.1 months, marking its highest level in nearly six years after a significant rise in foreign exchange reserves, now exceeding Ksh1.57 trillion. This milestone, last achieved in June 2019, enhances the country’s buffer against external economic shocks and alleviates concerns about its ability to fund critical imports. According to the latest Central Bank of Kenya (CBK) data, this marks a sharp turnaround from previous years when the import cover barely stayed above the statutory four-month minimum. The increase in forex reserves comes at a time when Kenya’s currency and trade balance remain under pressure. In early 2023, the
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