Kenyan governor urges bond market reform


The Central Bank of Kenya governor, Njuguna Ndung'u, called for further financial market reforms to help "build a competitive bond market" in a speech last week.

Ndung'u highlighted financial market successes to date, including the automation of primary market processes and increase in the average maturity profile of government bonds to 7.3 years from 6.2 years at the beginning of 2013, but stressed that more needs to be done.

In particular, he lambasted the "slow pace" of reforms in the

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