Ruto pushes for return of M-Akiba to boost low-income earners

When former National Treasury, Public Debt Management Office Director General Wohoro Ndohho rung a bell at Nairobi Securities Exchange to launch the listing of M-Akiba bond in 2017. [File, Standard]

President William Ruto is pushing for the return of Uhuru-era government micro bonds that were sold via mobile phones to expand the pool of low-income Kenyans who can invest in Treasury securities.

The President today said that only a small privileged pool of elite and wealthy Kenyans buys government bonds under the current Central Bank of Kenya (CBK) government debt programme.