Kenya to purchase gold to diversify its foreign exchange reserves
The Central Bank of Kenya plans to purchase gold to diversify its reserves and create an extra buffer. This follows a recent cut in the benchmark lending rate.
The Central Bank of Kenya has announced that it anticipates purchasing gold to diversify its reserve holdings, a move that would shift the composition of the nation's financial buffers. This announcement, made on February 11, 2026, by Kamau Thugge, comes as the bank seeks to reallocate a portion of its foreign-exchange reserves into bullion.
