Clearstream has established a new domestic link to Kenya, as part of an effort to enhance institutional investment opportunities in the Kenyan market.
Jan Willems
The market link is set to go live on 29 June 2026 and will provide an omnibus account structure to allow institutional investors to access the local market.
The new offering will specifically support Kenyan government bonds, infrastructure bonds and Treasury bills, and Standard Chartered Kenya will act as ClearStream’s cash correspondent bank for Kenyan shilling, as well as custodian with the Central Bank of Kenya.
Jan Willems, head of global markets at Clearstream, said: “The new link to Kenya is an important milestone as it follows Clearstream’s strategic aim to facilitate global investment and provide further access for our clients to attractive and growing markets.”
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The move also makes Clearstream the only international central securities depository (ICSD) to offer access to Kenya.
Through this, Clearstream clients will be able to leverage a single point of access to carry out capabilities such as Kenyan Government debt securities settlement, use Kenyan debt instruments in collateral management facilities and perform FX exchange services for the Kenyan shilling.
Moreover, the link aligns with recent efforts to establish Kenya as an economic hub in East Africa, and will support the region’s growth and expanding international investor interest.
David Luusa, director financial markets at the Central Bank of Kenya, said: “This is a significant milestone in developing Kenya’s financial markets. The link is expected to deepen liquidity, broaden the investor base, and enhance resilience of the domestic debt market.
“This development underscores our commitment to strengthening and modernising financial market infrastructure, fostering greater integration with the global financial system, and advancing Kenya’s position as one of the leading financial centres in Africa.”