M-Akiba bond to be revived using Hustler Fund savings

Treasury

The National Treasury building in Nairobi. 

Photo credit: File I Nation Media Group

Savings deducted from the Hustler Fund will be used to revive the M-Akiba bond, giving life to a mobile-phone-based investment product that has been met with investor apathy since its launch in 2017.

On Wednesday, the National Treasury unveiled the Board of Trustees for the pension scheme that will manage the savings from the Hustler Fund, paving the way for the investment of close to Sh1 billion that has so far been raised.

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