Bank of Tanzania (BOT)

M- Akiba Retail Bond Channel

Project Management and  Advisory team for a business, IT and Legal & Regulatory design of the M-Akiba (Mobile Savings) Channel, M-Akiba will permit any adult Tanzanian with a Mobile phone (M-Pesa enabled) to participate in Government / Central Bank bond issues on a real-time basis, without the need for a bank account. This enables higher inclusion of potentially millions of un-banked Tanzanians to hold secure, interest bearing assets for the first time. The ongoing impact would encourage growth of the formal economy as well as providing an alternative source of funds for Government bond issues. The M-Akiba channel involves the Bank of Tanzania, Ministry of Finance, Market Regulator (CMSA), Telecoms Regulator, Dar es Salaam Stock Exchange (DSE) and CSDR, Prime Minister’s Office, the Tax Authority and, of course, the retail investor all over Tanzania.

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