In such a rapidly changing world, with many simultaneous developments brought about by the progress of science and technology, the globalisation process and the profound changes in Europe – which have been the subject of my reflections – this hard work would have been in any case necessary.
This was followed by successful issuance of a 25-year bond in 2010 and a debut 30-year savings development bond in 2011.  ii. Secondary Market Infrastructure Development: In 2008, the CBK in partnership with the Nairobi Stock Exchange adopted the Automated Trading System (ATS) for Treasury bonds.