World Bank to Support Blockchain Bonds Trial in Kenya

(@mpmcsweeney)

2 May 2017

The World Bank has revealed plans to explore how blockchain technology could help boost Kenya’s financial prospects.

According to a new report, the World Bank is seeking to provide follow-up research to support a mobile phone-based bond issuance dubbed ‘M-Akiba’ through which the African country’s government has so far raised $1.1m. 

Kenya’s government plans to sell roughly $47m in similar products, and is reportedly considering how blockchain could improve the issuance process. Read more.

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