Kenya to launch Sh3,000 ‘mwananchi’ bond mid next month

Cabinet secretary for National Treasury, Henry Rotich (left) and the Chairman of Nairobi Securities Exchange, Eddy Njoroge (right), are taken through the process of buying the new M-Akiba bond during a media briefing at Kenyatta International Conference Centre, Nairobi.

NAIROBI: Ordinary citizens will now be able to lend the government money after the State yesterday announce plans to rollout M-Akiba bond, Kenya’s first mobile-based Treasury bond that targets small investors.

According to National Treasury Cabinet Secretary, Henry Rotich, Kenyans could take part in a Sh5 billion borrowing programme by the State to be unveiled by President Uhuru Kenyatta by mid next month.