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      Tumisang Orebonye: Overcoming Against Adversity to Reach for the Stars

      ‘Winning The CAF Super Cup Is A Dream Come True’ – Orebonye

      BAA Needs Over P3m For World Champs

      Botswana’s Sporting Future in Jeopardy: School Sports Suspension Threatens Athletic Excellence

      No House For Tebogo Despite Astral Performance in Budapest

      “No Pressure for Tebogo at Diamond League Finals”

      BOKA Aims to Host Two Prestigious International Karate Competitions

      BOKA Aims to Host Two Prestigious International Karate Competitions

      FM Botswana 2022 conference: transformation towards a greener FM 

      StanChart CEO Underscores Role of UB Marathon in Boosting Botswana’s Sports Tourism

      No House For Tebogo Despite Astral Performance in Budapest

      No House For Tebogo Despite Astral Performance in Budapest

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      Kenya’s FX reserve levels are at the lowest in five years

      mm by RMB Africa Research
      September 6, 2022
      in News
      Reading Time: 1 min read
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      Kenya’s FX reserve levels are at the lowest in five years
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      Data from the Central Bank of Kenya’s (CBK) weekly bulletin showed that foreign exchange reserves fell to US$7.38bn in the week ending 2 September from US$7.61bn in the week prior.

      At the current figure, Kenya’s FX reserve levels are at the lowest in five years, underpinning the pressure the CBK is facing to shore up FX reserves amid a slump in the shilling and increased demand for dollars by importers. Kenya’s FX reserves have been on a downward trend in recent weeks as the CBK uses part of its stockpile to slow the pace of the shilling’s depreciation. The shilling has lost over 6 percent YTD against the dollar.

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