Kenyans raise Sh117.6 million through purchase of M-Akiba bond

Central Depository and Settlement Corporation CEO Rose Mambo (front) demonstrates on how M-AKIBA is registered on the mobile during the Mini-Launch of M-AKIBA at the National Treasurer Nairobi 23/03/17 PHOTO MOSES OMUSULA

Kenyans have raised Sh117.6 million through the purchase of the first ever mobile phone-based M-Akiba bond.

This translates to an overwhelming uptake of 78.5 per cent of the Sh150 million that the National Treasury had targeted to raise between March 23, when the sale of the M-Akiba bond opened, and April 10 when it closes.