Payments and market infrastructure initiative: Central Bank of Kenya’s DhowCSD

The automated CSD has expanded access to government debt for all Kenyans

Central Bank of Kenya

When the Central Bank of Kenya decided to develop a new central securities depository (CSD), it was determined to make the system fully electronic and as accessible to as many Kenyans as possible. 

As a result, when Kenya’s president William Ruto unveiled the ‘DhowCSD’ in 2023, it not only improved government securities operations for wholesale market counterparties but also simplified access to the government bond market for all Kenyans – including its sizeable diaspora – via a mobile phone app

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