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When the Treasury came up with the idea of borrowing money from ordinary Kenyans, it had three goals. It wanted to access cheap money while growing the country’s savings culture and opening lucrative Government bonds to the mwananchi.
The first M-Akiba bond has largely been a success in achieving these goals. More than 100,000 investors registered their interest in putting their money in Government debt, with the Treasury raising the Sh150 million target ahead of scheduled timelines.
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