The Nairobi Securities Exchange (NSE) is Kenya’s main stock exchange. Established in 1954, it’s one of Africa’s largest securities exchanges. It’s located in Nairobi, Kenya’s capital, and lets people trade shares, bonds, Real Estate Investment Trusts (REITs), and other financial stuff. The NSE is regulated by rules set by the Capital Markets Authority of Kenya…
The Central Bank of Kenya (CBK) decided not to raise loan costs, keeping them steady after the Monetary Policy Committee (MPC) meeting on Wednesday3rd April 2024. This move aims to help borrowers manage their finances better. CBK mentioned that their current approach to monetary policy has helped control inflation caused by excess money circulation. However,…
Curious about the top money market funds in Kenya for December 2023? Here they are! First off, the average daily rate for money market funds in December went up to 12.51% per year, compared to November’s 12.06%. This spike is due to the rising interest rates in government securities, which are a big deal for…
Money Market Funds (MMFs) have become incredibly popular investment options in Kenya. They’re attractive because they invest in safe and highly liquid assets like cash equivalents, government securities, and high-quality debt instruments, offering better returns than traditional savings accounts. Let’s dive into what you need to know about MMFs. Understanding Money Market Funds Imagine a…
