State makes third stab at M-Akiba with Sh250m offer

National Treasury Cabinet Secretary Henry Rotich rings the bell at the launch of the world's first mobile-traded bond at the Nairobi Securities Exchange in June 2017. The latest issue will start trading on the bourse on March 12. [File, Standard]

The Government is set to give banks a run for their money again as the National Treasury seeks to borrow directly from the public to plug the gaping budget deficit.

Treasury yesterday reopened the mobile-based M-Akiba infrastructure bond targeting Sh250 million for the security that matures in the next one and a half years.