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Kenyans double offshore deposits to Sh247b

Central Bank Of Kenya Building on Haileselasie Road Nairobi. [Wilberforce Okwiri, Standard]

A sizeable chunk of Kenya’s wealth was moved to foreign banks last year in a bid by the rich to safeguard their assets amid the ravages of Covid-19.

This saw the banks more than double their dollar holdings in 2020.

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