Kenya’s Money Market Funds Surge as Investors Seek Shelter from Inflation and High Rates

With benchmark interest rates at 13.5% and inflation hovering at 6.8%, Kenyan investors are flocking to money market funds (MMFs) as a safe haven. Fresh data from the Capital Markets Authority (CMA) for September 2025 highlights just how rapidly the sector is expanding. In August..
✨ Key Highlights
Kenyan investors are increasingly turning to Money Market Funds (MMFs) as a safe haven amid high benchmark interest rates of 13.5% and inflation at 6.8%. Data from the Capital Markets Authority (CMA) for September 2025 shows rapid expansion in the sector.
- Individual MMF investments jumped by 12% in July, according to the Kenya National Bureau of Statistics (KNBS).
- The Nairobi Securities Exchange (NSE) has seen MMF transactions surge by 20% year-to-date.
- GulfCap MMF leads with a yield of 13.1%, while CIC MMF is the largest fund by assets, holding KSh 68.4 billion in December 2024.
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