Safaricom’s investment scheme gets CMA’s nod

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The Standard | by Frankline Sunday


The capital markets regulator has approved Safaricom’s mobile investment product dubbed Mali. The move brings the telco a step closer to launching the product that could disrupt retail investing at the Nairobi bourse.

The Capital Markets Authority (CMA) said the collective investment scheme (CIS) developed in partnership with fund manager Genghis Capital could pose significant regulatory challenges…

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