The Central Bank of Kenya (CBK) has declined to approve trade on a new secondary bond platform by the East African Bond Exchange (EABX), fearing distortion on rivalry with the Nairobi Securities Exchange (NSE), sources have told the Business Daily.
The EABX is yet to begin operations eight months after the Capital Markets Authority (CMA) granted it a permit to run an over-the-counter (OTC) bond trading platform.
