Kenya’s foreign-currency holdings slipped to USD 8,298.4 million (KSh879.58 billion) (5.04 months of import cover) as at March 19 from USD 8,508 a month earlier on 20 February. Market analysts attribute the shortfall in Forex reserve partly to maturity of the 2-year USD 234 million syndicated loan.  This saw the Shilling depreciating by 4.2% against … Continue reading Kenya’s Forex Reserves Slip Marginally to $8,298.4Bn But Remain Adequate Cover