*Treasury drops bid to block CBK from T-bills, bonds sale* The Treasury has shelved its plan to take away the responsibility of issuing government securities from the Central Bank of Kenya (CBK) after the latter lobbied to retain the role, which earns it up to Sh3 billion in commissions a year. The draft medium term debt management strategy document that was published by the Treasury last month had proposed to give the securities issuing role to the Public Debt Management Office (PDMO), saying that this was part of reforms aimed at reducing the government’s borrowing costs. However, the final version of the strategy that was presented to Parliament last Thursday is silent on this proposal, indicating that it had been deleted after the CBK protested. *_📸:Getty_* _*📰:Business daily*_