{
  "id": 6886017,
  "title": "Kenya’s forex reserves rise to Ksh1.98T as NSE loses Ksh131B in one week – CBK",
  "url": "https://urgent.news/2026/09/12/kenyas-forex-reserves-rise-to-ksh1-98t-as-nse-loses-ksh131b-in-one",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T07:24:38.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/business/kenyas-forex-reserves-rise-to-ksh1-98t-as-nse-loses-ksh131b-in-one-week-cbk"
  },
  "original_language": "en",
  "account": "In the week ending September 10, Kenya's foreign exchange reserves increased to approximately Ksh1.98 trillion, according to the Central Bank of Kenya (CBK). This rose to about USD15.253 billion, providing the country with 6.3 months of import cover, which met the CBK's requirement of at least four months. The shilling held steady at Ksh129.45 to the US dollar, providing some relief for importers. However, the Nairobi Securities Exchange (NSE) experienced a decline of 3.06 percent in market capitalization, losing around Ksh131 billion in value during the week. Investors also pulled back from equities, contributing to the NSE's downturn. Meanwhile, yields on Kenya's Eurobonds rose, indicating higher returns demanded by investors for holding sovereign debt. Despite these market fluctuations, demand for government short-term securities remained strong, with the September 10 Treasury bill auction receiving bids worth nearly double the advertised amount. The money market remained liquid, with commercial banks holding excess reserves above the statutory Cash Reserve Ratio requirement. However, the sharp increase in international oil prices posed a potential risk, as higher fuel costs could strain Kenya's foreign exchange reserves if the trend continues.",
  "summary": "Kenya’s foreign exchange reserves climbed to approximately Ksh1.98 trillion in the week ending September 10, even as the Nairobi Securities Exchange (NSE) lost about Ksh131 billion in market value and yields on the country’s Eurobonds increased. According to the latest Central Bank of Kenya (CBK) weekly bulletin released on Friday, September 11, 2026, reserves stood […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}