State to regularly tap M-Akiba to raise funds

National Treasury Public Debt Management Office Director-General Wohoro Ndoho rings the bell at the Nairobi Securities Exchange (NSE) to launch the listing of M-Akiba bond yesterday. With him are NSE Chief Executive Geoffrey Odundo (left) and his Central Depository Settlement Corporation counterpart Rose Mambo. [Jonah Onyango, Standard]

Ordinary Kenyans will be relied on from time to time to raise infrastructure capital through the mobile phone-based M-Akiba bond.

National Treasury Director-General Public Debt Management Wohoro Ndoho said the recently floated Government bond will not be a one-off affair as its limited offer began trading on the bourse yesterday.