2025 was characterized by heavy front loading of domestic borrowing through bond reopenings, alongside strategic access to international capital markets to manage refinancing risks, support budgetary needs, and smoothen debt maturities. Treasury Bills The Treasury Bill (T-Bill) market experienced a significant transformation in early 2025. The most notable change was the discontinuation of the 364-day…
Special Funds in Kenya are experiencing accelerated growth, reflecting strong investor desire for higher returns and broader diversification beyond traditional Money Market Funds (MMFs). In the first half of 2025 (Q1–Q2), Special Funds grew by 31%. This expansion underscores increasing market adoption of alternative investment structures designed to enhance risk-adjusted returns. Regulated by the Capital…
The Nairobi Securities Exchange (NSE) experienced a historic and exceptionally bullish year in 2025. Following a period of recovery in 2024, the market entered a high-growth phase, with investor wealth (market capitalization) surging by over KSh 1 trillion. By the end of December 2025, the market reached multi-year and, in some cases, record highs, driven…
Balanced funds combine equities and fixed income, aiming for growth and stability. They are ideal for conservative investors. In 2025, strong bond rallies, moderate equity recoveries, lower interest rates, and effective diversification supported returns. Top performers were Nabo Africa Balanced Fund (38.40% average, 32.64% net), Old Mutual Balanced Fund (30.80% average, 26.18% net), and Enwealth…
In 2025, Kenya’s collective investment schemes exhibited varied performance across different asset classes. Money Market Funds (MMFs) delivered lower yields than in 2024, primarily as a result of declining Treasury bill rates and ongoing monetary easing. In contrast, Fixed Income Funds posted strong returns, capitalizing on capital gains driven by rising bond prices amid a…
We make financial planning a Lifestyle The beginning of the year brings a sense of anticipation and renewed purpose for investors and fund managers alike. As individuals set their financial objectives for the coming months, fund managers are also preparing to share updates on how their funds performed in the previous year. This period serves…
Money Market Funds For the past one year, Money Market Fund (MMF) yields have experienced a steady and broad-based decline, reflecting easing inflation and more stable macroeconomic conditions. This environment has translated into lower returns on short-term instruments particularly Treasury Bills (T-Bills), which form a significant portion of Money Market Funds portfolios due to their…
Performance Review of Kenyan Money Market Funds, Dollar MMFs, Fixed Income Funds & Special Funds Money Market Funds (MMFs) continued to show a gradual decline in yields for the 11th consecutive month, reflecting easing inflation, stable macroeconomic conditions, and lower returns on short-term instruments like Treasury Bills (T-Bills). Despite this environment, a number of fund…
The steady consistent decline in Money Market Funds (MMF) rates over the past 10 months reflects the direct impact of falling inflation and stabilizing economic conditions, which have led to lower yields on short-term investments such as Treasury Bills (T-bills) a key component of MMF portfolios due to their low-risk, short-term nature. Despite this overall…
Simple habits and smart strategies to build wealth, one letter at a time. Growing money in Kenya doesn’t have to be complicated, it’s about building smart habits and staying consistent. Whether you’re just starting out or looking to level up your finances, these 26 simple steps will help you create a roadmap for lasting wealth….