In the particular circumstances of these countries, it is also worth noting that foreign banks and their supervisors are less prone to succumb to pressure from local politicians. The challenge for them is to adapt their experience to the realities in their host countries.
g. Lengthening the Yield Curve: To minimize rollover risks and at the same time provide a benchmark for pricing long term capital, the CBK issued a 30-year bond, the longest security tenor in the region. The bond issued in February 2011 has actively been at the Nairobi Securities Exchange.