Nairobi, Oct. 26 -- Wealthy Kenyan households and companies have stockpiled a record Sh1.52 trillion in foreign-currency deposits in commercial banks as they seek safety for their savings in dollars.

Data from the Kenya National Bureau of Statistics (KNBS) show that foreign-currency deposits in dollars, euros and the British pound grew by Sh240.57 billion over the past year, making it the biggest annual jump in years.

Published by HT Digital Content Services with permission from Business Daily....