Standard Chartered Bank (Kenya) has launched a mobile platform allowing investors to buy and sell bonds issued by the Kenyan government, marking increased automation of the Sh2.9 trillion treasuries market.
The Nairobi Securities Exchange-listed firm follows a similar move by the Central Bank of Kenya (CBK) — the government’s fiscal agent — which is mandated to auction bonds and maintain a register of investors in the debt securities.
“Through the SC Mobile App clients will be able to buy or sell local currency government bonds and treasury bills without the hustle of visiting a branch to fill in forms,” StanChart said in a statement.
The service is accessible on the bank’s SC Mobile App and makes StanChart the second entity to offer such a platform
