Majority takers below Sh20,000 in M-Akiba bond

An event to release M-Akiba post issuance market assessment survey results in Nairobi last year. FILE PHOTO | NMG

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.

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