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My ageing grandmother and any other mobile phone user has a chance to loan the Government money through the world’s first mobile-only government bond, M-Akiba, which was launched by Treasury last week.
Trading in government bonds has for a long time been a preserve of high net worth individuals and corporates which can afford minimum Sh100,000. With M-Akiba bond that has been reduced to only Sh3,000 anyone can loan the Government money. This can be transacted from the comfort of your home or office by dialling *889# on your mobile phone.
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