The Treasury’s plan to borrow up to Sh4.85 billion through the mobile phone-based bond M-Akiba is off to a slow start this fiscal year with less than a fifth of the ongoing Sh1 billion issue sold so far.
Latest update by the Nairobi Securities Exchange #ticker:NSE shows Sh197 million or 19.7 per cent, of the retail infrastructure bond had been sold by 5pm Tuesday, a week to the September 11 deadline following a 52-day extension.
