With the new year finally being halfway gone, you may be aching to make some significant changes in your life. Maybe you want to start exercising your body more often and being mindful of your health.

Or, perhaps you want to spend more quality time with your kids or family — time where you only focus on them and nothing else.

And maybe, just maybe, you’re starting to feel like 2019 is the year you should finally start investing your money for long-term growth.

Maybe you have got a job or a business which is making some money for you, and you are contemplating what to do with the money, to save or invest.

I am not an investment consultant or a financial adviser, but let me introduce an investment plan you might want to consider; M-Akiba, Government of Kenya Three Year Fixed Coupon Retail Infrastructure Bond: ISSUE NO. MAB2/2017/3 – RE-OPEN 2. The Application is open until 7th June 2019. The government intends to raise 5B Kes to finance its infrastructure projects.   

I will summarize for you what you need to know to get you going, this info is available on M-akiba website

First thing first, what is a bond?

A bond is a loan agreement between a borrower and a lender. The borrower promises to pay the lender interest on the money owed at a fixed interval. The borrower also promises to repay the initial money given by the lender at the end of an agreed period. A bond is usually longer than one year; it is issued by the borrower to raise money for a particular purpose.

The M-Akiba bond is open to Kenya’s citizens who have attained legal adult age of 18 years and are in a possession of a mobile money enabled phone in this case Safaricom’s M-Pesa or Airtel’s Airtel Money, a duly registered line and a valid National Identity card. The M-Akiba bond is guaranteed by the Government of Kenya. Initial minimum investment amount per account is Kshs. 3,000. To invest in M-Akiba, dial USSD Code *889# on your line and follow prompts on opening a CDS account.

How will you be payed your interests or coupon?

The coupon shall be paid directly to the phone automatically on the maturity dates. This will be the case even in instances where the coupon to be paid exceeds the Kshs. 140,000 daily limit. The M-Akiba bond is tax-free. Interest rate of the bond is 10% per annum but will be payable semi-annually after every 6 months.

The interest rate for this bond is 10% per year and it is fixed. The interest will be payable twice in a year. That is; every six months. Interest on M-Akiba bond is paid after every six months

If you choose to use the mobile money payment channel, daily allowable limits of Kshs. 140,000 per investor per day shall apply. However, if you use Pesalink, maximum transaction limit is Kshs. 999,999 per transaction

The maturity period of this Bond is 1 year and 3 months; meaning that you will be paid back your initial investment amount called the “principal” after one year and three months (September 7th 2020) in addition to the annual interest payments you will receive throughout the period

So, what are the benefits?

Other than enjoying a 10% interest p.a, it also gives you access capital market financial, you participate in nation building directly as the bond’s funds are put to developing the nation’s infrastructure thus boosting economic growth and the future prosperity of Kenyans everywhere.

For more information, You can call 0206900020, or Email info@m-akiba.go.ke or visit M-akiba website on http://www.m-akiba.go.ke. You will get a ton of info there.

For all those asking what M-Akiba is, now you know. I found it a very simple and straight forward way to invest. I am yet to review and know the cons but I believe its a simple guaranteed investment for your cash.