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Kenya tests the waters with first ever mobile-traded bond

National Treasury Cabinet Secretary Henry Rotich.

The National Treasury will tomorrow launch the first ever mobile-traded bond, ending over 17 months of waiting.

However, according to the prospectus of the M-Akiba bond dubbed “special edition”, the Government has scaled down its ambitions of issuing a five-year bond of Sh5 billion to a three-year bond of just Sh150 million.

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M-Akiba