Two thirds of all government bond investors on the M-Akiba platform are taking up less than Sh20,000 worth, indicating the large number of Kenyans who were previously locked out of such investments by a high entry barrier.
Statistics from the Central Depository & Settlement Corporation (CDSC) show that the CDSC hosts over 513,000 M-Akiba CDS accounts through which the government has raised Sh782 million from offers worth Sh1.65 billion.