Investing in Government securities (Treasury Bills and Bonds) is now in your hands after the Central Bank of Kenya unveiled the Treasury Mobile Direct (CBK-TMD).
In an announcement made on its website, the CBK rolled out the mobile platform with the aim of making investing in government securities to the common citizens by eliminating the friction in the current market infrastructure.
According to the bank, the CBK-TMD will see transactions for government securities of 140,000 shillings and below processed easily and faster.
“All CDS account holders for government securities can use the mobile platform,” says the CBK.
For investors who are interested in registering for the CBK-TMD, one is advised to complete a registration form that is available on the CBK website, or alternatively visit CBK headquarters in Nairobi and branches in Mombasa, Kisumu, and Eldoret.
Requirements for the CBK-TMD registration:
- Active CDS account at the Central Bank of Kenya
- Active Mobile Line
- Registered member of a Mobile Network Provider (MNOs)
- Duly complete Registration form For TMD
- Dial *866# and follow the steps
- After notification of registration
The CBK-TMD platform will complement the already active M-Akiba service which has raised nearly 800 million shillings from more than 500,000 investors.
The mobile service is expected to avail to retail investors the same level of convenience that big buyers of government securities such as banks have been enjoying.
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