By BRIAN NGUGIMore by this AuthorThe Nairobi Securities Exchange (NSE) Thursday resumed trading of the Sh150 million mobile phone-based bond after a system breakdown prompted its suspension on Wednesday. NSE chief executive Geoffrey Odundo said the technical hitch that resulted in “messaging delays” had been resolved, paving the way for resumption of trading. Wohoro Ndoho, the director-general of public debt management office at the Treasury, said the system hitch was rectified on Wednesday night. This pilot digital bond sale is meant to test the waters ahead of the Sh4.85 billion offer that President Uhuru Kenyatta is expected to launch in June. Official data after the bond sale showed that 102,632 people registered on the M-Akiba mobile phone bond platform but only 5.5 per cent actually invested in it.

Source: Daily Nation April 13, 2017 19:07 UTC