Kakuzi MD Chris Flowers, President William Ruto and Murang’a Governor Irungu Kang’ata during the Murang’a County Investment Conference /HANDOUT
The foreign exchange reserves held by the Central Bank of Kenya hit a new high of $11.2 billion (Sh1.45 trillion) in the week ended July 11 on rising diaspora remittances, providing a solid ground for the local currency’s stability.
Remittance inflows to Kenya totalled $423 million in June 2025 from $372 million in June 2024, an increase of 13.8 per cent. The 12-month cumulative inflows to June 2025 increased by 12.1 per cent to $5.08 billion compared to $4.5 billion in a similar period in 2024.
