Most regulatory agencies pull in different directions, affecting rollout of new products

CS for National Treasury Henry Rotich (second right) lead in launching the World First Mobile Traded Bond at Nairobi Securities Exchange (NSE) offices

NAIROBI, KENYA: Kenya may be on record for selling a mobile bond for just under three months when M-Akiba closes on September 11. Normally bonds are traded within a week.

However, in one-and-a-half months, the mobile bond has just netted Sh170 million against the targeted Sh1 billion with a green shoe option of Sh3.85 billion.