Kenya’s Central Bank Announces Four Months Buying Spree of Ksh 40bn Dollars to Bolster Foreign Reserves

The Central Bank of Kenya (CBK) has said it will go into a buying spree of  $100 million every month between March and June to increase foreign reserves. The regulator says this has been informed by new developments across the globe, including a significant drop in oil prices, have opened a new window for a more formal … Continue reading Kenya’s Central Bank Announces Four Months Buying Spree of Ksh 40bn Dollars to Bolster Foreign Reserves