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All you need to know about M-Akiba bond
One of the attractions of the M-Akiba bond is that it is not subject to withholding tax which is imposed on the other government securities including Treasury bills and bonds. PHOTO | FILE
Finally, the common man has a chance to invest in government securities which have long been reserved for the elite earners who can afford the Sh50,000 or more that is normally required in such investments.
The mobile-phone based M-Akiba required an investor to put in only Sh3,000 as initial investment. The investor could then add to this in multiples of Sh500, meaning that they can invest Sh3,500 or Sh4,000, Sh4,500 and so on.
