Kenya’s Capital Markets Authority (CMA) has approved six new unit trust funds, underscoring its efforts to expand the diversity of investment opportunities in the country. This move is part of a broader strategy to deepen capital markets and encourage greater public participation in financial investments. Overview The newly approved funds include offerings from several prominent…
Stanbic Bank Kenya has made a bold move by entering the asset management sector with the launch of its Money Market Fund. This strategic initiative is expected to redefine the financial landscape in Kenya, offering both retail and institutional investors a chance to access low-risk, high-liquidity investment opportunities. By tapping into this sector, Stanbic is…
Introduction to REITs Real estate investment trusts (REITs) offer an exciting opportunity for Kenyan investors looking to diversify their portfolios. By pooling funds from multiple investors to purchase, manage, or finance income-generating real estate, REITs allow individuals to invest in large-scale properties without directly buying or managing them. In a country where real estate remains…
Eldoret’s recent elevation from a town to a city is more than just a change in designation—it’s a transformative moment with wide-ranging implications for its residents and those looking to invest in the region. This milestone is set to reshape the landscape, bringing opportunities and challenges that will define Eldoret’s future. Why Eldoret’s New Status…
Investors Given 45 Days to Address Issues as Stanlib Kenya Fund and REIT Managers Cease Operations Investors have 45 days to address any unresolved issues with Stanlib Kenya Fund and REIT Managers, as the Capital Markets Authority (CMA) of Kenya has accepted their request to cease operations and revoke their license. Established in 1998 as…
The Capital Markets Authority (CMA) has approved the registration of the Arvocap Unit Trust Scheme under the Capital Markets Act and the Collective Investment Schemes Regulations of 2001. This scheme includes 10 sub-funds: “Collective investment schemes allow retail investors to easily enter the capital markets. They help grow the customer base and democratize wealth,” said…
Dubai-Based Imperial Citizenship sets its newest venture in Africa targeting wealthy investors. Imperial Citizenship, a firm based in Dubai that specializes in helping investors get a second citizenship or residency through investments, has opened a new office in Lagos, Nigeria. This move aims to take advantage of Africa’s growing population of wealthy individuals looking for…
At the latest Government Securities Auction, Treasury Bills saw a tiny drop in the interest rates offered by the Central Bank of Kenya (CBK). This is the first time we’ve seen this happen in 24 months! CBK got bids totaling KSh 28.5 billion at the Weekly T-Bills auction. That’s against KSh 24 billion offered at…
