Government bonds are essentially what we call an IOU. An IOU is an agreement between parties acknowledging debt and a promise on when it will be paid. A government bond hence is an IOU between yourself and the government.
Bold Reporting Takes Time, Courage and Investment. Stand With Us
- Unlimited access to all premium content
- Uninterrupted ad-free browsing experience
- Mobile-optimized reading experience
- Weekly Newsletters
- MPesa, Airtel Money and Cards accepted