Kenya’s Central Bank Reports Stable Currency and Updated Economic Indicators

The Central Bank of Kenya’s bulletin dated 23 October reported that the shilling traded at KSh 129.91 per US dollar on 22 October, compared with KSh 129.81 a week earlier. Foreign-exchange reserves stood at US$14.693 billion, equivalent to 5.9 months of import cover, while the 22 October Treasury-bill auction received KSh 28.8 billion in bids against an advertised KSh 28.0 billion. Research firms, banks and businesses can explore opportunities in market intelligence, economic forecasting and risk analysis. HPC can support business-intelligence dashboards, financial modelling and data-driven reporting; the auction bids are government-security demand, not a consulting contract.