[Kenya] Central Bank to launch a digital platform for purchase of Treasury Bills and Bonds
Kenyans will from March this year be able to buy government securities from a digital platform. This is according to Central Bank of Kenya (CBK) Governor Patrick Njoroge.
Known as DhowCSD, the system will open up the market for more Kenyans and allow easier management of trading accounts. It will be a departure from the current USSD system which is limited in many ways.
“For those of you who invest in T-Bills and T-Bonds (Treasury Bills and Bonds), from next month, once we launch the new Central Securities Depository, you will be able to bid and buy all that from your phone,” the Governor said.
“The diaspora, for example, if they need to register to buy bonds or bills, they have to come to the central bank. From next month, once we launch this, they will be able to do that wherever they are,” he added.