Foreign Reserves Fall by Ksh 47.5B as Iran War Raises Global Pressure

Kenya's foreign exchange reserves fell by Ksh 47.5 billion to USD 13.656 billion, providing 5.8 months of import cover. This decline comes as the country faces a fuel crisis and its tea and meat exports to the Middle East are severely impacted by the Iran war. Tea farmers are losing an estimated Ksh 1 billion weekly as cargo remains stalled at Mombasa Port.