M-Akiba investors struggle to find buyers

Treasury secretary Henry Rotich. FILE PHOTO | NMG

Investors who bought into the mobile-based infrastructure bond, M-Akiba, last year are struggling to find buyers of their holding, Treasury secretary Henry Rotich has said, citing market data.

Secondary trading in the three-year bond on the Nairobi Securities Exchange is characterised by net sales, Mr Rotich said, a pointer that investors were looking at shorter gains which is common with retail investors.

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