M-Akiba bond sale rises after slow first week

A SCREENSHOT OF A USER ACCESSING THE M-AKIBA MOBILE TRADED BOND. PHOTO | SALATON NJAU | NMG

Sale of the Sh1 billion M-Akiba loan, Kenya’s first mobile-traded bond, has begun picking up, hitting Sh78 million as at yesterday after days of low volumes.

The first one week saw sluggish uptake with only Sh17 million being sold in the first six days, a scenario blamed on technology hitches and low publicity.

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Note: The results are not exact but very close to the actual.