M-Akiba to go live in Nov- Eurobond from every kenyan with some money to invest.

[RV Pundit]

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http://www.businessdailyafrica.com/Launch-of-mobile-traded-securities-platform-put-off-again/539552-3432696-ym3q3d/index.html

[hk]

http://www.businessdailyafrica.com/Launch-of-mobile-traded-securities-platform-put-off-again/539552-3432696-ym3q3d/index.html

This is going to be a game changer. Once implemented the government will have an alternative debt option that will eventually lower overall rates. This will also force banks to become creative and develop new products instead of just buying T-bills.  Eventually investment banks will be able to structure debt offering linked to  M-akiba that can be sold via mobile money giving companies small and big another option to raise debt.

[RV Pundit]

Yeah rather than depositing your money in a bank and getting 4% less than CBR rate - you're better off investing in M-Akiba. The key to its success will be the ability to easily re-sell those bonds and cash out at any given time.

This is going to be a game changer. Once implemented the government will have an alternative debt option that will eventually lower overall rates. This will also force banks to become creative and develop new products instead of just buying T-bills.  Eventually investment banks will be able to structure debt offering linked to  M-akiba that can be sold via mobile money giving companies small and big another option to raise debt.

[hk]

Yeah rather than depositing your money in a bank and getting 4% less than CBR rate - you're better off investing in M-Akiba. The key to its success will be the ability to easily re-sell those bonds and cash out at any given time.

This is going to be a game changer. Once implemented the government will have an alternative debt option that will eventually lower overall rates. This will also force banks to become creative and develop new products instead of just buying T-bills.  Eventually investment banks will be able to structure debt offering linked to  M-akiba that can be sold via mobile money giving companies small and big another option to raise debt.

I agree. The key is the liquidity of secondary market.