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Sh1 billion M-Akiba bond in slow start with Sh17.7m sales
NATIONAL TREASURY CS HENRY ROTICH(LEFT) AND PRINCIPAL SECRETARY KAMAU THUGGE DURING THE LAUNCH OF THE M-AKIBA AT TREASURY BUILDING IN NAIROBI ON MARCH 23, 2017. FILE PHOTO | NMG
The sale of the Sh1 billion M-Akiba bond started on a low note, with investors buying Sh17.7million or 1.7 per cent of the mobile phone-based bond six days after it was floated.
The number of those registering to take up the offer has been equally low, adding 21,000 new registrations made since the launch last Friday, Treasury sources revealed.
