M-Akiba

BONDS
A government bond is a bond issued by a national government, generally with a promise to pay periodic interest payments and to repay the face value on the maturity date. Government bonds are usually denominated in the country’s own currency
Earlier on we expounded on matters Stock Market

INVEST IN TREASURY BONDS FOR AS LITTLE AS Sh3, 000
Kenyans will no longer need Sh50, 000 minimum to invest in treasury bonds as the government plans to launch the mobile-phone traded M-Akiba on Thursday 23rd March.
A bond is a loan that any Kenyan can give the government, then the government pays back the loan with interest.
 Here is what you need to know about participating in the M-Akiba bond
Minimum investment: Sh3, 000 then multiples of Sh100 after the first Sh3, 000
Maximum investment: Sh140, 000
Payment through Mpesa or Airtel Money
The bond will be on sale from 23rd March to 10th April
Interest: 10% per annum will be paid twice a year
Type of bond: three-year tax-free infrastructure bond. The interest you earn will not be taxed
To participate, load your Mpesa or Airtel Money with at least Sh3, 000 and ensure you have some extra money to cater for the cost of buying the bond via mobile money. Then dial *899# from Safaricom or Airtel and follow the instructions.
You will be able to buy the bond any day between 23rd March to 10th April or until the government raises the target amount of Sh150 million. Remember the minimum is Sh3, 000 then amounts over Sh3, 000 in multiples of Sh100 and maximum is Sh140, 000.
Investors, who miss out on buying the bond by 10th April will have the option of buying it in the secondary market at the Nairobi Stock Exchange.
Upon maturity of the bond in March 2020, the principal amount you invested and the interest you have earned from the bond will be paid through your mobile.
*Adopted
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3 thoughts on “M-Akiba

  1. Already over 17,000 Kenyans have subscribed to M-Akiba and its going to reach its target before the end of the month.Now problem is will the government really make use of that cash well given that upto now nobody knows of eurobond proceeds?its wait and see!

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