Kenya’s Foreign Reserves Hit Record US$ 12Bn After Eurobond

Kenya’s usable foreign-exchange reserves have risen to an all-time record of USD 12.07 billion (KSh 1.56 trillion), the highest level ever recorded since weekly disclosures began.

• This is the first time FX reserves have crossed the USD 12 billion mark, following a USD 1.36 billion (KSh 176 billion) build-up in the first two weeks of October 2025, according to the Central Bank of Kenya.

• CBK data show reserves stood at USD 10.72 billion (KSh 1.39 trillion) on October 2, rising to USD 11.23 billion (KSh 1.45 trillion) by October 8, and reaching USD 12.07 billion (KSh 1.56 trillion) by October 15, raising import cover from 4.7 to 5.3 months.

• The increase marks a reversal from months of moderate drawdowns between July and September 2025, when reserves hovered near USD 10.8 billion (KSh 1.40 trillion).

The sharp rise coincides with proceeds from the government’s October 2025 Eurobond issuance, which raised USD 1.5 billion (KSh 194 billion) across seven- and twelve-year tranches.

No other significant inflows of comparable size were recorded in the period. Remittance receipts totalled USD 419.6 million (KSh 54.2 billion) in September 2025, broadly unchanged from a year earlier, confirming that the reserve gain was mainly linked to the Eurobond settlement.

CBK continues to report figures on a “usable” basis, excluding encumbered reserves tied to forward obligations. Read More.

Setback for City Transport Plan as Globe Roundabout Terminal Faces Delay

By Fred Obura

The government has dropped plans to compulsorily acquire several parcels of land around Nairobi’s Globe Roundabout that had been earmarked for the construction of a public transport terminal.

The Globe Roundabout Bus Terminal project was proposed in 2021 by the now-defunct Nairobi Metropolitan Services (NMS) as part of an ambitious plan to decongest the city and modernise its transport infrastructure.

The terminal was expected to host public service vehicles from Thika Superhighway and Eastleigh, reducing the number of matatus entering the CBD. Read More about this ambitious plan here.

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