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M-Akiba treasury bonds via mobile
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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kyt wrote:Clueless government and guys in the treasury, we are messed up as a country really messed up!! Eti that @Henry Rotich is a Havard graduate? Havard my foot!!! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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cancelled indefinitely http://www.nation.co.ke/...90/-/w5xyar/-/index.htmlThe investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Some sober advise coming their way.I think its ok for now. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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my brokerage firm sent me this: The prevailing high interest rates & clearance issue with Nairobi Securities Exchange have been sighted as reason to delay in launching the M-Akiba product. Kenyan Government had intended to offer the 5 billion, 5 year retail bond at the end of October 2015. With interest rates recording 22.95% last week, the government is waiting to see how the rates in the market behave before setting an appropriate date. We shall keep you abreast of any new developments African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Sober wrote:my brokerage firm sent me this:
The prevailing high interest rates & clearance issue with Nairobi Securities Exchange have been sighted as reason to delay in launching the M-Akiba product.
Kenyan Government had intended to offer the 5 billion, 5 year retail bond at the end of October 2015. With interest rates recording 22.95% last week, the government is waiting to see how the rates in the market behave before setting an appropriate date.
We shall keep you abreast of any new developments
Amen. Hii kitu ishindwe kabisa. Wanjiku should be at NSE lifing private sector, not the often corrupt GoK
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 5/20/2010 Posts: 69
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Are these government bonds even 'risk free' anymore?
the question that has been eating up my brain is 'How do you borrow more money to pay off another loan??? HOW? HOW???????
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Rank: Hello Joined: 10/28/2015 Posts: 1 Location: Kenya
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M-Akiba is revolutionary
We all agree that interest rates maybe a bit on the higher side and that everything is not really going as all would like it to be. But an objective look will tell you that M-Akiba is revolutionary
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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MA wrote:We all agree that interest rates maybe a bit on the higher side and that everything is not really going as all would like it to be. But an objective look will tell you that M-Akiba is revolutionary This revolution cannot happen as Treasury sleeps.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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sl8r wrote:Are these government bonds even 'risk free' anymore?
the question that has been eating up my brain is 'How do you borrow more money to pay off another loan??? HOW? HOW???????
It happens everyday. You take M-SHWARI to repay KCB MPESA and vice versa! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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obiero wrote:Sober wrote:my brokerage firm sent me this:
The prevailing high interest rates & clearance issue with Nairobi Securities Exchange have been sighted as reason to delay in launching the M-Akiba product.
Kenyan Government had intended to offer the 5 billion, 5 year retail bond at the end of October 2015. With interest rates recording 22.95% last week, the government is waiting to see how the rates in the market behave before setting an appropriate date.
We shall keep you abreast of any new developments
Amen. Hii kitu ishindwe kabisa. Wanjiku should be at NSE lifing private sector, not the often corrupt GoK Please note they have stipulated that it is a delay and not cancellation. Does it mean the GOK did not iron out all the issues before rolling out this M-Akiba thing. Transaction advisors should be put on the spot because they failed in not highlighting the black spots in the deal  African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: New-farer Joined: 5/20/2010 Posts: 69
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Remember the crowdfund campagn that was done for greece? http://www.aljazeera.com...os-150704085003879.html
someone should try that for Kenya, win free holidays for certain amounts of donations :D
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Rank: New-farer Joined: 10/28/2015 Posts: 47
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I've been following this m-akiba episode and frankly, i wonder why the gov wont spend such energies in improving business climate and incentivizing enterpreneurs to go global so they can reap from higher tax revenue, which could reduce the need for such ridiculous "harambee" drives ...
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Rank: Member Joined: 3/26/2012 Posts: 830
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muganda wrote:Sober wrote:S.Mutaga III wrote:Minimum amount for investment Ksh 3000...target locked in= Wanjiku. One thing I have learned is to avoid investments tailored for Wanjiku...even in the NSE, the smart money makes the kill and Wanjiku goes home crying foul...almost always. Whenever I hear such investments meant for Wanjiku, I ignore and discourage anyone I know from investing. The best deals are hard to spot, and require effort to discover...there is no free lunch in financial markets. Very true. why target the most uninformed lot in the fragment Wise words; reminds one of the Safaricom debacle. Common investors need a salutory protector. The deal was postponed. There are only two possible outcomes of this move. 1) Government officials realized that the interest rate was too high and will wait until interest rates go down. This outcome is highly unlikely. 2) "Who is who" were furious that they were locked out of such a lucrative deal (20%+). This deal will come back, repackaged, to only accommodate the big fish. The big fish realized there was no need to give Wanjiku free money. If this deal comes back, it will only be available to high networth investors and not Wanjiku. Wanjiku is designed to lose money. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Was trying the M-Akiba no and was saying to follow voice prompts, can that be done on roaming? Hoping for a fully automated menu Foresight..
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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This issue ought to succeed. These discreet ICT driven products have given, and at the risk of sounding sexist, an avenue for women to save their money in this patriarchal society.
If a study was done of the Unclaimed Fin. Assets, I bet the bulk would be women! Let's see how it goes.
Na huyu Wanjiku ni nani?
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Rank: New-farer Joined: 10/10/2010 Posts: 51 Location: Nairobi
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The craze about M-Akiba is at the least annoying. Veteran Wazuans like Cde Monomotapa should be the lasts ones to support it.
This type of Interest rate instruments are the ones that require huge money investment. Assume an investment of 3K @ 22% p/a the return is equal to KES165 for a three month T-Bill. Surely Wanjiku is better placed to invest that money in the Mahindi Choma type of business, in 3 months time she will probably have grown it seven fold. But to lie to her that she now has a chance to invest in Gvt Tbills...SMH Wanjiku has been taken for granted.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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vastcapital wrote:The craze about M-Akiba is at the least annoying. Veteran Wazuans like Cde Monomotapa should be the lasts ones to support it.
This type of Interest rate instruments are the ones that require huge money investment. Assume an investment of 3K @ 22% p/a the return is equal to KES165 for a three month T-Bill. Surely Wanjiku is better placed to invest that money in the Mahindi Choma type of business, in 3 months time she will probably have grown it seven fold. But to lie to her that she now has a chance to invest in Gvt Tbills...SMH Wanjiku has been taken for granted. I was against @wanjiku investion even KES. 100,000 in T Bills/Bonds...its meager...she better use that money selling mboga in the estates. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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vastcapital wrote:The craze about M-Akiba is at the least annoying. Veteran Wazuans like Cde Monomotapa should be the lasts ones to support it.
This type of Interest rate instruments are the ones that require huge money investment. Assume an investment of 3K @ 22% p/a the return is equal to KES165 for a three month T-Bill. Surely Wanjiku is better placed to invest that money in the Mahindi Choma type of business, in 3 months time she will probably have grown it seven fold. But to lie to her that she now has a chance to invest in Gvt Tbills...SMH Wanjiku has been taken for granted. Well, this is a legit product where surplus can be held that is neither a HYIP nor Ponzi. How many have been suckered? Even so called sophisticated investors? The rate is variable definitely, an 'introductory offer' it can be said. Solves cries of banks offering too low returns on savings. For those reasons I say let it run. Market and sell it!
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Any T-Bills/Bonds auctions in progress? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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M-Akiba treasury bonds via mobile
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