The incidence of fraud points to bad faith on the part of owners and managers who exploit their banks for dishonest personal gain. Failure on the part of individual banks, if allowed to continue, will undermine trust to the banking system. Another matter of fundamental importance and calling for urgent attention is the issue of integrity at all levels, including bank employees.
These instruments can be discounted at the Central Bank and bonds are tradeable on the Nairobi Stock Exchange. It is also useful to highlight other critical investment products that fall under the purview of the Capital Markets Authority (CMA). Of particular interest are equity securities and unit trusts. The Nairobi Stock Exchange (NSE) offers equity (shares) and fixed income (debt) securities.