Both silver and platinum have benefited from strong industrial applications, which have set them apart from gold’s primarily monetary and safe-haven role.
By
Kepha Muiruri
Business Reporter
Nation Media Group
The Central Bank of Kenya (CBK) will add platinum and silver to its reserves as it looks to diversify from foreign currency and gold, which is the only commodity in its vaults.
Kenya’s artisanal and small-scale mining sector is estimated to produce hundreds of kilos annually. Most of this is exported…
Central banks across emerging markets have been increasing gold holdings as a safeguard against geopolitical risks and currency…
President William Ruto has signed a new law allowing the CBK to buy and hold locally mined gold, a move aimed at strengthening…
The new law gives the Central Bank of Kenya explicit legal authority to buy, sell, import, export, and hold gold and other…
Central banks could turn to platinum as the next frontier of their move to bolster reserves with precious metals, a mining boss…
The deal will see the Nairobi Securities Exchange-listed firm earn substantial fees as the National Treasury seeks to deepen the…
