In 2015, the Kenyan government launched the world’s first Treasury bond, M-Akiba, to be offered exclusively via mobile phone and cut the minimum investment level in government debt, in a bid to generate public participation in the capital markets, raise money cheaply and boost the national savings rate.
M-Akiba has the potential to be truly transformative by enabling public participation in capital markets, encouraging savings among the population with an annual interest rate of 10 percent and raising money cheaply for the government which can be used to fund infrastructure projects.
Join BFA for a presentation on the M-Akiba story and a panel discussion via webinar.
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Webinar (Nairobi)
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