Nairobi, June 2 -- The Central Bank of Kenya (CBK) will add platinum and silver to its reserves as it looks to diversify from foreign currency and gold, which is the only commodity in its vaults.

The Central Bank of Kenya (Amendment) Bill, 2026, sponsored by the Finance and National Planning Committee Chairperson Kuria Kimani has proposed to allow the apex bank to accumulate other precious metals beyond the gold bullion.

Silver and platinum have emerged as gold substitutes to hedge against inflation and currency devaluation with central banks in Russia, Saudi Arabia, China and India, adding the metals to their reserves, to sit alongside gold.

Section 27 of the CBK Act will be amended in part one to factor the expansion of precious meta...