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Rifts emerge among stakeholders as M-Akiba sale falters

 Treasury CS Rotich rings bell to launch Sh 1b mobile-traded M-Akiba bond. [File, Standard]

With just a month to go, the much-touted mobile-based M-Akiba bond has yet to live up to its hype, with subscriptions standing at 17 per cent of the Sh1 billion on offer.

Rifts have emerged among stakeholders, with the National Treasury, the Nairobi Securities Exchange (NSE), and Central Depository and Settlement Corporation (CDSC) trading blame over the dismal performance of the bond issue.

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