NAIROBI, Kenya – The Central Bank of Kenya has partnered with Clearstream, Deutsche Börse Group’s post-trade business, to streamline investments in government securities.
The collaboration led to the establishment of Clearstream-Kenya Link, which is expected to provide international investors with efficient access to Kenyan Government securities.
In a statement released on Thursday, June 25, the banking regulator said the link will be supported by the Government Central Securities Depository (DhowCSD to provide institutional investors with efficient access to the local market through a unique omnibus account structure, supporting Kenyan government bonds, infrastructure bonds and treasury bills.
“This is a significant milestone in developing Kenya’s financial markets. The Link is expected to deepen liquidity, broaden the investor base, and enhance resilience of the domestic debt market,” read the CBK statement in part.
CBK noted that the development is part of its commitment to strengthening and modernising financial market infrastructure, fostering greater integration with the global financial system, and advancing Kenya’s position as one of the leading financial centres in Africa.
The Link is the 60th domestic market link within Clearstream’s global network and the second in Africa, after South Africa.
CBK-Clearstream collaboration builds on the transformative initiatives to unlock the full potential of the DhowCSD, which is transforming Kenya’s financial markets through enhanced operational efficiency and expansion of digital access, market deepening for broader financial inclusion, and improved monetary policy operations.
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