Plan to trade in bonds via mobile phone

Kenyans will soon be able to buy bonds using their mobile phones if a donor-funded project is implemented. The World Bank project, which is in its pilot stage, allows mobile phone users to easily access bond trading, thereby opening up the bond market that has been a preserve for urban market.

“We are very excited about this, and we will monitor how the pilot succeeds,” said Evans Osano, head of the Efficient Securities Markets Institutional Development program at the World Bank.
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