Over half of investors who bought the mobile-based infrastructure bond M-Akiba last year were in Nairobi, a survey suggests, reflecting the availability of disposable income in the city.
Findings of a survey by UK government-backed Financial Sector Deepening (FSD) Africa shows that 51 per cent of the 5,692 investors from 45 counties who bought M-Akiba were from the capital city which controls nearly 70 per cent of Kenya’s wealth. Samburu and Isiolo were the only counties which did not register any buyer for the bond, the survey shows.
