Purpose

The purpose of floating the M-Akiba bond is to finance Government development expenditure / budgetary support. Tenure of the bond is 3 years with a target of Kshs. 150 million.

Platform

It’s a Mobile Traded Bond – all activities relating to registration, trading, settlement will be via mobile platform. By dialing USSD code *889#. Maximum investment per account / per day – Kshs. 140,000.