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M-Akiba second offer of KSh 1 Billion gets launched with PesaLink option

M-Akiba was an initiative by the National Treasury to enable citizens to purchase bonds from as low as KSh 3,000. The first offer was aiming to raise KSh 150 Million which was successfully achieved.

The Treasury today launched the second offer whose objective is to raise Kshs 1 billion. New changes have been made to help achieve this significantly bigger target;  PesaLink will be the new avenue of buying the bond. The advantage with PesaLink is that it offers up to KSh 999,999 in money transfer which is almost 8 times more than the KSh 140,000 limit of the mobile money services that were used in the initial offer. For those who still want to continue using the usual mobile money transfer, the option is still available. Even better, on Friday, National Treasury Cabinet Secretary Henry Rotich promised to work on raising the KSh 140,000 M-Pesa daily limits to cater for those who do not have bank accounts.

Dennis Mathu
Dennis Mathu
I cover motoring news, gadgets, software releases, mobile apps and enterprise systems powering corporations. Contact me at [email protected] or [email protected]

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