Kenyans are now able to buy government securities over a digital platform.

Instead of having to go in person to the Central Bank of Kenya (CBK) to register to buy Treasury Bonds and Bills, they can now do so over the DhowCSD system.

African Business Communities reports that the new Central Securities Depository will enable Kenyans to bid for or buy the securities over their phones wherever they are.

The CBK hopes the new system will enable it to net some of the inflows from diaspora remittances for local consumption.

Features of the DhowCSD include the ability to make interbank payments; a module to buy and sell securities in the secondary market; and detailed investor-report generation.

7 March 2023
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