Nairobi, June 25 -- Standard Chartered Bank Kenya has been given the task of buying and safekeeping government bonds and Treasury bills for international investors in a new deal with the Central Bank of Kenya (CBK).

The government's fiscal agent signed an agreement with financial services firm Clearstream to open a domestic link to Kenya, allowing institutional investors to buy the country's debt securities under a single master account.

Stanchart will be the link to the CBK, transacting on their behalf through the automated Dhow Central Securities Depository (DhowCSD).

The deal will see the Nairobi Securities Exchange-listed firm, which focuses on corporate banking and wealth management, earn substantial fees as the National Treasury ...