Wealthy Kenyans stockpile Sh1.52 trillion in foreign-currency accounts

Wealthy Kenyan households and companies hold a record Sh1.52 trillion in foreign-currency deposits at commercial banks. They are seeking to protect their savings by holding funds in currencies such as the US dollar. Kenya National Bureau of Statistics data show deposits in dollars, euros and British pounds rose by Sh240.57 billion over the past year, the biggest annual increase in years.