“We think we are in a comfortable position,” Governor Patrick Njoroge told a news conference, adding that a British vote to leave the EU could hurt the global economy and Kenya would “feel the shock wave”.

Kenya’s foreign exchange reserves stood at $7.6 billion on June 16, equivalent to five months import cover, according the central bank figures on its website.

In March, the International Monetary Fund approved two-year standby facilities for Kenya worth about $1.5 billion, which can be drawn on if the East African nation faces unforeseen shocks.

Britons vote in the referendum on EU membership on Thursday.

-Reuters

FOLLOW NEW AFRICA BUSINESS NEWS ON FACEBOOK @ New Africa Business News.com