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Government sells additional Sh1b worth of bonds via mobile phone

Kenya started selling another 1 billion shillings ($9.64 million) worth of bonds via mobile phone on Friday after an initial 150 million shillings issued sold out in days.

The East African nation started selling a three-year infrastructure bond, called M-Akiba, on March 23, becoming the first country in the world to issue a mobile phone-based bond without any need for a bank account.

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M-Akiba