Thursday, October 27, 2016

Launch of mobile-traded securities platform put off again

Money Markets
Dr Kamau Thugge, the Treasury Principal Secretary. PHOTO | FILE
Dr Kamau Thugge, the Treasury Principal Secretary. PHOTO | FILE 
By DAVID HERBLING, hdavid@ke.nationmedia.com
In Summary
  • Retail investors will by the end of November begin buying Treasury bills and government bonds directly through mobile money platforms such as M-Pesa.
  • The roll out of the bond was initially slated for this week but was postponed due to technical hitches and high interest rates in the market.

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