Retail investors will from next month electronically invest in government securities with as little as Ksh3,000 in a move brokers say is bound to improve market liquidity.
President Uhuru Kenyatta says the Central Bank of Kenya (CBK) is finalising the implemention of the Treasury Mobile Direct (TMD), a system that enables the public to trade in Treasury bills and bonds, including through mobile phones, which is set for launch next month. The system was advertised in 2012 and was expected to go live late last year.
It is set to open up Treasury bills and bonds investment to thousands of Kenyans unlike in the past when it was a preserve of banks and insurance companies. (Business Daily)
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