This selection was done under the Regional Scholarship and Innovation Fund (RSIF) by ICIPE. The objective of the RSIF project is to strengthen institutional capacity for quality and sustainable doctoral training, research and innovation in transformative technologies in Sub-Saharan Africa (SSA) through capacity development for the operation and management of the Scholarship, Research and Innovation Fund and Provision of scholarship and Research Grants in the Applied Sciences, Engineering and Technology fields.  

The reserves have fallen from a high of $8.94 billion (5.59 months of import cover) recorded on October 24, according to Central Bank data. In the absence of a major external debt issuance since the last Eurobond in May, CBK has depended on the normal market flows from diaspora remittances and exports to replenish its pile of hard currency.

Sterling Capital head of research Renaldo D’Souza said the decline is to be expected considering the huge jump triggered by the $2.1 billion Eurobond in May.