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Safaricom Launches Ziidi Money Market Fund to Expand Digital Investment Options

Safaricom, in partnership with Standard Investment Bank, ALA Capital Limited, and Sanlam Investments East Africa Limited, has announced the launch of Ziidi Money Market Fund (MMF), a digital investment platform integrated into its M-PESA ecosystem. Approved by the Capital...

Is Your Money Safe? Concerns Mount Over MALI MMF Amidst Debt Woes

The Kenyan investment landscape has been abuzz with concerns surrounding the MALI Money Market Fund (MMF), a product of a partnership between Safaricom and Genghis Capital. While Mali has presented itself as a convenient and accessible investment avenue via...

Chumz: This App Wants to Gamify Your Savings (But Consider the Alternatives)

A Techspace Africa reader recently asked me what my thoughts on Chumz are, I don't have any experience with the app but from what I have gathered on the interwebs, Chumz is a mobile application designed to help users...

Genghis Capital Accuses Safaricom of Business Fraud Over Money Market Fund Dispute

Kenyan investment bank Genghis Capital has accused telecommunications giant Safaricom of business fraud following the launch of Safaricom’s new money market fund (MMF), Ziidi, in November 2024. The dispute centers around Safaricom’s alleged stalling of their previous joint fund,...