in ,

CBK Launches Mobile-based Platform For T-bills, T-bonds


The Central Bank of Kenya has launched a mobile-based platform for trading Treasury bills (T-bills) and T-bonds.

The platform will target the mass market who trade amounts below Ksh140,000 in a day, which is the maximum amount transacted on mobile money.

“The Bank (CBK) is pleased to inform you about the roll-out of the Treasury Mobile Direct (TMD) services, designed to facilitate investment in Government Securities using the mobile telephone. To access these services, investors will be required to register for this facility at the nearest Central Bank of Kenya (CBK) Branch or Currency Centre,” CBK said in a notice to investors.

Currently, investors apply to trade T-bills and bonds through physical forms at CBK branches and currency centres or contact banks who charge a commission of 0.15 percent of the amount traded.

 Also, investors rely on CBK’s website and newspaper advertisements for announcements of new T-bill and bond auctions.

Read: Treasury Nets Ksh78 Billion ‘Surplus’ Cash From Parastatals

Business Daily reports that the mobile service will now aggregate all these services and others including request of statements and receipt of the cash value of maturing securities.

“For transactions whose amount exceeds Ksh140,000 or other prevailing transaction limit, CBK will at its sole discretion determine the best alternative means of disbursing or receiving the funds,” added CBK.

As of January 31, 2020, retail investors and nonbank participants had bought a cumulative Ksh125 billion worth of treasuries.

Email your news TIPS to [email protected] or WhatsApp +254708677607. You can also find us on Telegram through

Written by Francis Muli

Senior reporter at Kahawa Tungu, Muli has a passion for human interest stories. He believes in unearthing societal rots that have been hidden from the public eye. He has also carved himself a niche in writing business stories. He has worked for various organisations including Kenya Television Service, Business Today among others. Follow him on Twitter @FmuliKE.
Email: [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Raphael Tuju Unstable, Undergoing Spinal Surgery At Kijabe Hospital

raphael tuju

Raphael Tuju Airlifted To Nairobi After Undergoing Surgery (Photos)