The Capital Markets Authority (CMA) has significantly expanded investment avenues for Kenyans by approving two new umbrella unit trust schemes and several additional sub-funds under existing collective investment schemes.

• The approvals aim to increase product diversity and offer investors more regulated savings and investment options across various fund types and currencies.
• Key organizations involved include the CMA, Cinemark Investment Bank Limited, and Karsis Asset Managers Limited, as well as other asset managers like Absa Asset Management Limited and Dry Associates Investment Bank Limited.
• The newly approved schemes, such as the Cinemark Unit Trust Fund with seven sub-funds and the Karsis Unit Trust Scheme with 12 sub-funds, cover money market, fixed income, multi-asset, and private debt strategies in multiple currencies including Kenya shillings, US dollars, euros, and sterling pounds.

Kipenzi Sugar plans to invest Sh1.45 billion in constructing a new sugar factory in Mur Malanga, Siaya County. The project aims to boost sugar production and provide a market for local cane farmers.

• Investment: Sh1.45 billion
• Company: Kipenzi Sugar
• Location: Mur Malanga, Siaya County

Shareholders of Old Mutual Holdings PLC have approved a significant balance sheet restructuring worth Sh4.67 billion. This financial manoeuvre aims to clear accumulated losses and pave the way for dividend payments to resume.

• Sh4.67 billion will be transferred from the share premium account to offset accumulated retained losses.
• Key individuals include Old Mutual Group Chief Executive Officer Arthur Oginga.
• The restructuring, approved at the 18th Annual General Meeting on June 30, is non-cash and will not impact daily operations or share ownership.