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The M-Akiba retail bond attracted subscriptions worth 247.8 million shillings

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The M-Akiba retail bond attracted subscriptions worth 247.8 million shillings against a target of 1 billion shillings representing an under-subscription of 75.2 percent. Even though 303,534 investors registered for the bond that closed on Friday, only 5,988 bought the bond. Central Depository and Settlement Corporation Chief Executive Rose Mambo says the government is keen to utilize the M-Akiba platform to further financial inclusivity.

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