Top 15 Money Market Funds in Kenya: March 2024
Money Market Funds (MMFs) accounted for KES. 140.7 Bn, which makes up 65% of all the funds under management by Collective Investment Schemes for the quarter that ended December 31, 2023.
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5 Must-Have Investment Moves for the Empowered Woman
There you have it, ladies – the 5 must-have investment moves to help you achieve financial empowerment and security. From building a solid financial foundation to diversifying your investments, protecting your assets, and planning for retirement, these strategies will set you up for long-term success.
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March 2024 Market Wrap-up Report
In March, the Kenyan shilling has experienced a consistent uptrend, appreciating by 16 percent against the US dollar since the beginning of 2024. This surge in value comes on the heels of the issuance of a $1.5 billion (Sh198.0 billion) Eurobond. The proceeds from this issuance were utilized to partially repurchase the June 2024 $2 billion (Sh264.1 billion) maturity, along with funding the significant oversubscription of the inaugural infrastructure bond issued earlier this year.
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Different Stages of Wealth Accumulation: How to Match Investments to Each Phase, Part 2
We’ll never forget the sense of pride we felt when one of our earliest clients, a teacher who had been diligently following our investment plan for decades, told us she was ready to retire comfortably at age 55! All those years of disciplined saving and investing had paid off, and we were able to shift her portfolio to a more conservative stance focused on income generation and capital preservation.
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Top 15 Money Market Funds in Kenya: February 2024
Ascending the ladder, Kuza Money Market Fund now stands one spot higher than its January rankings after boasting an average effective daily yield of 14.28%. The initial minimum investment for new investors is KES 5,000, with subsequent KES 1,000 top-ups.
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February 2024 Market Wrap-up Report
KenGen commissioned a feasibility study on generating power from geothermal brine, potentially increasing its renewable energy capacity, which could positively impact its revenues and expansion plans. KenGen reported a 9.2% y/y decline in net profit, despite a growth in top line, attributed to higher operating expenses impacted by currency depreciation.
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Different Stages of Wealth Accumulation: How to Match Investments to Each Phase, Part 1
Understanding the different stages of wealth accumulation—accumulation, building, protection, and distribution—allows you to optimize your financial strategy for where you are in life. Matching investments and money moves to your phase leads to meeting wealth-building objectives.
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Choosing the Best Money Market Fund For You: A Personal Checklist
By carefully considering these factors, you can make an informed decision about whether a money market fund aligns with your investment objectives and risk tolerance. Additionally, consulting with a financial advisor can provide personalized guidance based on your financial situation and goals.
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Top 15 Money Market Funds in Kenya: January 2024
The year began with a surge in money market fund rates, causing Cytonn MMF to drop out of the top 5 in terms of daily effective rate returns. The average daily effective rate for money market funds rose to 13% per annum, up from 12.51% in December 2023.
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January 2024 Market Wrap-up Report
In January, the government unveiled an amortized infrastructure bond, IFB1/2024/8.5, with an 8.5-year duration set to be auctioned from 24/01/2024 to 14/02/2024.
