M-Akiba investors get second interest payment

A user accesses the M-Akiba mobile traded bond. FILE PHOTO | SALATON NJAU | NMG

Investors in Kenya’s first mobile-traded bond are Sh7,502,500 richer today after the National Treasury disbursed the second round of interest payments to their phones.

The move will benefit about 5,509 M-Akiba buyers who used the their mobile devices to buy different bond chunks of between Sh3,000 and Sh1.13 million for the Sh150 million inaugural bond launched in March last year.

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