OUR LATEST REPORTS & insights
ACTSERV surveys and commentaries provide both an analysis and indepth coverage of the market space in the country.
Our latest thinking on the issues that matter most in business and management.
Foreign Exchange Reserves. The CBK’s usable foreign exchange reserves remained adequate at USD 8,311 million (5.04 months of import cover). This meets CBK’s statutory requirement to endeavor to maintain at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover.
During the month, the CBK’s usable foreign reserves declined by 3.75% to stand at USD 8.63 billion(5.23 months of import cover).However, this meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover...