Banking system misses out on M-Akiba bond cash

National Treasury Public Debt Management Director General Wohoro Ndoho rings the bell to launch trading of the M-Akiba bond at the Nairobi Securities Exchange on April 11, 2017. [File, Standard]

Banks have missed out on transacting the lucrative Government phone-based bond after delays scuttled an attempt to include Pesalink among the payment platforms to be used.

Currently, the M-Akiba bond only trades on M-Pesa and Airtel Money, through which investors purchased the maiden Sh150 million bond launched in March.