[kictanet] Treasury prepares to issue debut mobile money bond

[Ali Hussein]

Walu

Thanks for sharing. Pertinent questions you raise. 

> 1. Will Wanjiku be allowed to participate from ANY mobile network or is this thing is ONLY available on one of the Telco players?
This should be a network agnostic product. Just like normal treasury bonds are bank/broker agnostic. This question really shouldn't even arise. It's should be the default position. Otherwise we will saying that if I have a Safaricom line and the product is only on Airtel I can't participate.  

> 2. What are the 'commissions' like?  Will the mobile operators charge based on transaction value and yet their role is simply to deliver a simple SMS to Central Bank /Treasury servers?
Walu..Surely..:-) you just didn't say that..:-) Kwani an SMS is sent through thin air? Ok..it is :-) but there is a network that it is sent from and through and that network costs billions of shillings to set up and maintain. The Piper and all that..

Ali Hussein
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> On 11 Mar 2016, at 4:09 PM, Walubengo J via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 
> Some good initiative..to get Wanjiku to also participate in the T-bills
> ---
> The government wants to take advantage of a nine-month low return on Treasury Bills to float the debut mobile money bond.
> The return on a three month Treasury Bill fell to 9.060, the lowest since July last year when the rates went down to 8.2 per cent.
> According to Treasury Cabinet Secretary Henry Rotich, this is the ideal time to float the M-Akiba bond that is supposed to bring in wananchi in providing financing options for government.
> http://www.nation.co.ke/business/Treasury-prepares-to-issue-debut-mobile-money-bond/-/996/3107416/-/l7c4mj/-/index.html
> 
> --Qtns arise.
> Anyone in the know or can advise on:
> 1. Will Wanjiku be allowed to participate from ANY mobile network or is this thing is ONLY available on one of the Telco players?
> 2. What are the 'commissions' like?  Will the mobile operators charge based on transaction value and yet their role is simply to deliver a simple SMS to Central Bank /Treasury servers?
> Ni hayo tuu.
> 
> walu.
> 
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