The rise in reserves is largely attributed to IMF debt inflows and CBK's strategic net purchases of dollars.

The IMF estimates that the tax measures, which include levies on betting, phone calls, and internet data, would generate an additional Sh145 billion.

According to the IMF, reducing interest rates in a low-inflation environment risks fueling inflation and may also erode Kenya’s competitive edge in at...

The IMF has instead recommended that Kenya focus on new revenue measures to stabilise its fiscal position, particularly in light of growing demands on...

The G2G oil import scheme was launched in March last year, intended to alleviate dollar shortages and stabilise the fuel supply in Kenya.

This funding will enhance the government's reserves, which are expected to reach $1.9 billion (Sh245 billion) by the end of the year.

The report, presented on October 1, reveals that the loans were sourced from both multilateral and bilateral lenders.

Perceived government waste and corruption were a core driver of mass demonstrations in June.

Kenyan authorities are looking for fresh revenue-raising measures after rescinding the 2024 tax increases.