China’s Influence: Unraveling Kenya’s Shrinking Financial Cushion
The Financial Squeeze: Kenya's Declining Forex Reserves and Its Implications
As the sun rises over the bustling streets of Nairobi, casting a warm glow over the kaleidoscopic cityscape, a cloud of concern looms larger in the distance—Kenya's financial health. Recent figures from the Central Bank of Kenya (CBK) reveal a troubling decline in the nation’s foreign exchange reserves. Dropping from an impressive $11.2 billion (KSh 1.45 trillion) on July 10 to $10.69 billion (KSh 1.38 trillion) by the end of the month, this…