Home Announcement M-Akiba Phase II is now live, from June 30, 2017 to July 21, 2017

M-Akiba Phase II is now live, from June 30, 2017 to July 21, 2017

• The second phase of M-Akiba is live, running from Friday June 30, 2017 to Friday July 21, 2017 at a non-taxable interest rate of 10% for a period of three years.
• The government is targeting to raise KShs 1 Billion with a green shoe option of 385 million if there is sufficient demand and use the proceeds for the funding of government infrastructural development projects, both new and on-going.
• To purchase M-Akiba bond via PesaLink, individuals will be required to have registered on NSE MyTrade and follow the M-Akiba Bond Buy process.
• Unlike the previous issue, the government has included Pesalink as a mode of payment for those transacting more than KShs 140000 (maximum for M-pesa and Airtel money) to a maximum of KShs 999999 per transaction.