Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Homes, churches overtake banks in T-bill holdings
Central Bank of Kenya Governor Dr Kamau Thugge (left) and President William Ruto during the launch of Central Securities Depository digital platform in Nairobi.
A segment of investors, including households, NGOs and churches, have for the first time overtaken banks on holdings of Treasury bills riding on higher returns and changes that allowed purchase of government paper via mobile phones.
Fresh central bank data show the banks’ share of Kenya‘s Sh615.8 billion Treasury bills stood at 33.8 percent in June from 42.8 percent, allowing the segment of investors labelled ‘others’ investors to overtake the lenders with a 56.2 percent.
