Kenya’s National Treasury has re-opened the sale of Ksh 500 million mobile-based infrastructure bond M-Akiba for infrastructure development.
The sale began on Monday, August 19 and runs up to September 6. The reopening will see investors once again offered 10 percent in tax exempt-fixed-rate payable semi-annually with a tenor of 3 years.
The bond will start trading at the Nairobi Securities Exchange on September 10, 2019.
The minimum investment is Ksh 3,000 being paid using mobile money and Pesalink. (On MNO, a maximum initial amount of Ksh 140,000 per investor per day shall apply and Ksh 999,999 per transaction with no limit on transactions per day on Pesalink”.
M-Akiba is Back! Dial *889# on your mobile phone and buy the Bond. pic.twitter.com/pTsE2edfnq
— Central Depository & Settlement Corporation Kenya (@cdsckenya) August 19, 2019
The M-Akiba bond is open to Kenya’s citizens who have attained legal adult age of 18 years and are in a possession of a mobile money enabled phone, in this case, Safaricom’s M-Pesa or Airtel’s Airtel Money, a duly registered line and a valid National Identity card. The M-Akiba bond is guaranteed by the Government of Kenya.
To invest in M-Akiba, dial USSD Code *889# on your line.