Following our previous post, the Capital Markets Authority (CMA) approved the structure on 5 October 2026, enabling eligible Kenyan investors to participate in the offering. The CMA approved a Short Form Prospectus for a global depositary receipt submitted by Renaissance Capital (Kenya) Limited, a licensed investment bank. The Dangote Petroleum Refinery & Petrochemicals (DPRP) IPO…
The Offer Dangote Petroleum Refinery and Petrochemicals FZE is selling up to 4.1 billion new shares (about 3%) at a fixed ₦525 each to raise up to ₦2.15 trillion (≈ KES 202 billion / US$1.6 billion), with a greenshoe of up to 30% more shares. Shares will list on the Main Board of the Nigerian…
Kenya’s money market is sending a clear message at the midpoint of 2026: the era of easy double-digit yields has settled into a steadier, more selective phase, and the smart money knows exactly where to look. The Central Bank of Kenya has now held its policy rate at 8.75% for a fourth straight month, and…
The Short Answer: Nabo Africa Money Market Fund is a low risk, CMA regulated investment and one of Kenya’s most consistently top performing money market funds. It ranked first in April 2026 at 11.51% gross and second in May 2026 at 11.34% gross in a market of 28 funds. With a minimum investment now reduced…
Kenya’s money market is sending a clear message in 2026 as we approach the first half of the year ;the era of effortless double-digit yields is winding down , but the smart money knows exactly where to look. As the Central Bank of Kenya eased its policy rate for the first time in years, returns…
The best money market fund for a beginner in Kenya in 2026 depends on two things: how much you have to start with and what you are trying to achieve. If you have KES 100 to KES 10,000, Etica, Lofty-Corban, Kuza, Sanlam, CIC and Nabo MMFs are the strongest starting point. This article walks you…
The Short Answer: Etica Money Market Fund is a low risk, CMA regulated investment that has consistently ranked among Kenya’s top performing money market funds. It is not without risk as no investment is, but for most retail investors seeking capital preservation with competitive returns, the risk profile is well within acceptable bounds. This article…
MARKET WRAP-UP REPORT – Oct 2024 Money Market Fund rates continued on a decline streak, with the overall average daily effective rate falling to 14.21% compared to September’s return of 14.48% p.a. The decline is due to a drop in Treasury Bill (T-bill) returns, as money market funds (MMFs) rely heavily on T-bills for their…
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The equities market’s performance was primarily influenced by the losses suffered by large-cap stocks such as KCB and Safaricom, which plummeted by 16.1% and 14.7%, respectively.