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Countdown to ending era of commercial banks holding Kenyan taxpayers' money

Removing the huge chunks of government deposits from commercial banks will definitely impact liquidity of lenders as state consolidates its Paymaster. ....

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How will the Treasury single account work?

How will the Treasury single account work?
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Kenya Treasury to mop up $3bln public funds from banks

Kenya Treasury to mop up $3bln public funds from banks
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Kenya Treasury to mop up $3bn public funds from banks

Deposits (central government and other public sector) consisted of $2.22 billion and $776.55 million in demand deposits and time savings respectively. ....

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