Is M-Akiba open in 2026?

No, M-Akiba is not open. On 25 October 2026 the Central Bank of Kenya's table of Treasury bond issues, which runs up to bonds issued this year, listed no M-Akiba issue after 9 September 2019. The last M-Akiba bond it lists matured on 7 September 2020. No 2026 offer appears on CBK's site.

What M-Akiba was

M-Akiba was a Government of Kenya retail infrastructure bond for ordinary savers. CDSC's notice for the last sale describes it as the M-Akiba Retail Infrastructure Bond, launched jointly by the National Treasury, the Central Depository and Settlement Corporation (CDSC) and the Nairobi Securities Exchange. CBK's bond table lists every issue, with a three-year term and a 10% coupon.

Every M-Akiba issue on CBK's record

The last sale was the third reopening of MAB/2/2017/03. CDSC's notice says it ran from 19 August to 6 September 2019 and sought KSh 500 million. CBK's table records KSh 263.6 million for that issue.

Where to put the money instead

• Treasury bills and bonds on DhowCSD. The government still borrows from the public every week, just not through M-Akiba. See how to buy Treasury bills on DhowCSD and infrastructure bonds.
• Money market funds if you may need the money soon. Compare dated yields on the money market funds page.
• Shares through a CMA-licensed stockbroker, if you can accept the risk.

We will update this page if CBK or the National Treasury announces a new M-Akiba issue. The m-akiba.go.ke address that CBK's site links to did not load when we checked on 25 October 2026.

Frequently asked questions

Sources

• Central Bank of Kenya, Treasury bonds: table of issues (read 25 October 2026)
• CDSC, M-Akiba bond re-open 3 launched (August 2019)