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M-Akiba raises Sh197 million against Sh250 million target

NSE Chief Executive, Geoffrey Odundo. [Image: File]

NAIROBI, KENYA: The Capital Markets Authority (CMA) has approved the listing of the M-Akiba Retail Infrastructure Bond on the Nairobi Securities Exchange (NSE).

This tranche which was on offer from Monday, February 25, 2019, to Sunday, March 10, 2018, raised a total of Sh197 million against a target of Sh250 million reporting a 79 per cent subscription rate. The bond attracted over 82,829 new registrations.

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