Save the Date! MFW4A & NSE Webinar - 08 May 2018

May 08, 2018 | Global (Online)

Digital Transformation of African Capital Markets: The Case of M-Akiba in Kenya

Date: 08 May 2018 Time: 10:30 am, Abidjan

Register now to join the session!

Making Finance Work for Africa and the Nairobi Securities Exchange (NSE) are pleased to present a webinar on "Digital Transformation of African Capital Markets: The Case of M-Akiba" on May 08, 2018 at 10H30 GMT. In 2017, the Kenyan Government raised Kenyan Shillings (KES) 247.75 million (USD 2.4 million) through M-Akiba; an innovative public-private project, which allows investors to buy and trade government securities using mobile devices.

Designed by the National Treasury of Kenya through its Treasury Mobile Direct Programme, the M-Akiba bond needed a series of new laws to be passed before it could fully enter into the market. Both ICT and Financial markets actors - including Mobile Network operators, the Central Bank of Kenya (CBK), the Central Depository Settlement Corporation (CDSC) and the Nairobi Securities Exchange (NSE) - worked closely with private corporations in designing the product, developing the technical infrastructure and establishing trading rules.

The webinar will discuss lessons learned from the M-Akiba product development process, notably, the design, planning and execution phases. More specifically, the session will seek ideas to transform existing registered investors into actual buyers of government bonds.

Register now!