CBK to get priority in Kenya gold trade plan, says Ruto

Author: Julians AmbokoPublished on: September 15, 2026Country: Kenya

PoliticsBusiness & Economy

CBK to get priority in Kenya gold trade plan, says Ruto

President William Ruto announced that the Central Bank of Kenya (CBK) will have priority in purchasing locally mined and processed gold as part of a plan to build national foreign exchange reserves. This decision follows the signing of the Central Bank of Kenya (Amendment) Act, 2026, which allows the CBK to buy gold to diversify its reserve assets, emulating similar schemes in Tanzania and Ghana.

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