Kenya's foreign exchange reserves hit a historic $15.4 billion, boosted by the government's partial divestiture of Safaricom.

The Central Bank of Kenya reported that forex reserves rose by a record $1.55 billion this week to reach an all-time high of $15.4 billion.

The reserve surge was primarily driven by capital inflows from the Kenyan government's partial divestiture of Safaricom.

CBK Governor Kamau Thugge projected further growth as $855 million is expected to arrive from South Africa's Nedbank acquiring a 66% stake in a local bank.

A robust forex reserve covering 6.4 months of imports provides the CBK with significant capacity to defend the Kenyan Shilling against volatility.

For Nairobi's tech founders, a stable shilling reduces foreign exchange losses on dollar-priced software licenses, cloud infrastructure, and offshore debt.

Furthermore, massive inbound transactions like the Safaricom divestiture and the Nedbank acquisition signal strong foreign investor interest in Kenya's financial assets despite recent macroeconomic headwinds.