Wealthy Kenyans and companies banked Sh1.03 billion daily in fixed bank deposits last month in search of safety for their investments amid the gradual recovery of the economy from Covid-19 hardships.
Central Bank of Kenya (CBK) data shows that fixed bank deposits held by Kenyans hit a historic high of Sh1.598 trillion in July, up from Sh1.567 trillion in June, marking one of the biggest monthly jumps.
