Rich individuals and big companies, seeking a safe haven for their wealth, stockpiled a record Sh45.5 billion in dollars in the three months to May when Kenya imposed restrictions to curb the spread of Covid-19.
Central Bank of Kenya (CBK) data shows that foreign currency bank deposits held by Kenyans hit a historic high of Sh671.4 billion, up from Sh625.9 billion in February, one of the largest three-month jumps.
