M-Akiba misses Sh500m target, gains new accounts

NSE chief executive Geoffrey Odundo. FILE PHOTO | NMG

The Treasury’s mobile-based bond, M-Akiba, that was reopened mid last month has raised Sh263 million, falling short of the targeted Sh500 million.

The selling agents, the Central Depository & Settlement Corporation (CDSC) and the Nairobi Securities Exchange (NSE) said in a statement Thursday the bond attracted additional 51,461 new accounts, bringing the total M-Akiba accounts to 565,725.

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