Ndovu Wealth Limited has launched its Money Market Fund (MMF) - Ndovu Fund - after formal approval from the CMA in March.
inBanking,Investment,Kenyan News Reading Time: 2 mins read Stanbic Bank Kenya has entered asset management through its newly established Insurance and Asset Management Unit, with plans to introduce more investment products. On Tuesday, the bank launched the Stanbic Money Market Fund (KES) and the ...
While you can place your investment orders via our online Mutual Funds Platform 24 hours a day, only orders placed before the cut off time, 07.00am Kenya time will be processed the same working day. Orders received after this time will be processed on the next working day. It will take ...
I&M Bank Unveils “Milele Rewards” Program, Offering Card Loyalty Benefits in Kenya I&M Bank launches "Milele Rewards," offering 1:1 point-to-shilling conversions, cashback, travel, shopping, and flexible redemption options. News Dickson OtienoNovember 27, 2024 ...
I&M Bank is accelerating its retail expansion under the iMara Strategy (2024-2026) with plans to unveil nine new branches in Soko Directory Team Government and PolicyKNUT Issues New Demands To Government On Capitation Funds The Kenya National Union of Teachers (KNUT) has intensified calls for th...
And if the debt behind the speculative strategy proves unsustainable, we could face an Enron-like situation, where a company that appeared to be an invincible market leader is torn apart by financial distress. Tesla: The Next Domino? Tesla has been another big winner in the Trump trade, but...
The yield for money market funds is usually calculated daily and credited to each investor’s account. The popularity of MMFs continues to attract more players and products. Only this month, MWealth-tech startup and fund manager Waanzilishi Capital Kenya Limited, which trades asNd...
The global mobile payment market size is expected to grow to over $12 trillion by 2027. It was $1.48 trillion in 2019.1 Launched in 2007, M-PESA has made it possible for more than 51 million active customers to make $314 billion in transactions per year. Over 918,500 active agents allow...
The number of transactions related to cash deposits, cash withdrawals, payment of bills, transfer of funds, account balance enquiries and mini statement decreased in 2023 compared to 2022. Central Bank of Kenya (CBK) data indicates number of transactions related to payment of retirement ...
Today, consumers can do anything with a mobile wallet that they can accomplish with a traditional bank account or card. In Kenya, where the mobile money market reached$133.2 billionin 2023 and M-Pesa holds a96.5%market share, consumers can buy groceries from a grocer, ...