Four reasons why Treasury fell short of M-Akiba Sh1 billion target

National Treasury Cabinet Secretary Henry Rotich (centre), Nairobi Securities Exchange Chairman Samuel Kimani (left) Central Depository’s Rose Mambo and Capital Markets Authority Chief Executive Paul Muthaura during the launch of M-Akiba on June 30, this year.

M-Akiba, a Government issued retail bond aimed to enhance financial inclusion for economic development.

The M-Akiba bond was launched in March 2017 where Kenyans had a chance to lend the Government as little as Sh3,000 to help fund infrastructure projects but failed to hit sh1 billion target.