All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.

The latest weekly bulletin by the CBK shows the reserves stood at $9,323 million (Sh1.2 trillion at the current exchange rate), an equivalent of (4.8...

The shilling had weakened to a low of 161 in January this year, on the back of an increased debt burden and diminishing foreign investor confidence.

The latest blows come from some powerful Americans questioning the rule of law following the conviction of Donald Trump.

Debt servicing expenses for the FY 2023/24 will amount to Sh1.8 trillion, or 90 per cent of the overall consolidated fund expenditures.

Super petrol's price dropped by Sh7.21, diesel by Sh5.09, and kerosene by Sh4.49, EPRA announced in its latest monthly review.