Wealthy families have stockpiled Sh434.5 billion in government bonds, taking advantage of the Central Bank of Kenya (CBK) digital platform that allowed retail investors to shift their savings to the attractive risk-free securities from the comfort of their homes and offices.
Latest disclosures by the CBK show household investments in government papers have surged in the past three years, coinciding with a period of high interest rates amid volatile returns from other asset classes such as equities and property.
