[22 Jan 2025; Nairobi, Kenya]
In partnership with Safaricom PLC, Standard Investment Bank is proud to announce the launch of Ziidi Money Market Fund (MMF).
Ziidi MMF is offered on Safaricom’s M-PESA platform, enabling investors to join through the M-PESA App or by dialing the short code *334*5#. Upon signing up, they can invest from as little as KES 100, and earn daily interest.
This prestigious collaboration underscores the market’s confidence in SIB’s expertise, reputation, and ability to provide investors exceptional value. “We are excited to partner with Safaricom as a fund manager for Ziidi Fund. Our commitment to investors is that we will strive to offer them exceptional profits to help them achieve their financial goals. Based on our track record of providing above market-average returns, I am confident in our ability to deliver this promise,” said James Wangunyu, SIB’s Founder & Managing Director.
“By combining our institutional synergies with Safaricom, we hope to provide an attractive investment portfolio, which will, in turn, enhance financial inclusion among low- and mid-income earners in line with the government’s bottom-up economic transformation agenda,” he added.
Ziidi MMF is licensed by the Capital Markets Authority (CMA) Kenya and has grown to over KES 2.85 billion AUM with over 450,000 opt-ins since being made available to the public in December 2024.
Notes to the Editor:
About SIB
Standard Investment Bank (SIB) is a leading financial services firm in Kenya founded in the year 1995 with assets under management worth over KES 60bn. The firm offers the market a single point of entry for Asset Management, Securities Trading, Market Research, Investment Management and Corporate Finance. SIB is a member of the Nairobi Securities Exchange (NSE), the Central Depository and Settlement Corporation (CDSC), and the Kenya Association of Stockbrokers & Investment Banks (KASIB).
SIB is licensed by the Retirement Benefits Authority (RBA) to manage benefits schemes under the Retirement Benefits Act (1997). The Firm is also licensed and regulated as an investment bank and a Special Collective Investment Scheme (CIS) by the Capital Markets Authority (CMA), Kenya.
SIB’s Global Markets division offers exposure to global financial instruments through MansaX Special Fund (KES & USD), as well as MansaX Special Shariah Fund (KES & USD), which is offered through its Islamic investment banking window, SIB Najah.
SIB’s Corporate Finance division works with Kenya’s largest public and private institutions to inform their strategic growth, structure their balance sheets, raise capital and restructure their enterprises. To date, the firm has successfully closed over 70 project transactions worth KES 300 Billion.
About Safaricom
Safaricom is the leading telecommunications company in East Africa. Our purpose is to transform lives by connecting people to people, people to opportunities and people to information. We keep over 45 million customers connected and play a critical role in society, supporting over one million jobs both directly and indirectly, while our total economic value was estimated at KES 393 billion ($ 3.1 billion) for the 12 months through March 2022.
We run the world’s largest mobile payment system and Africa’s largest Fintech, M-PESA, the world’s first mobile money transfer system. By empowering over 30 million customers to transact, save or borrow money through their mobile phones, M-PESA has driven financial inclusion in Kenya to 83.7% in 2021 of the adult population from a low of 26.7% in 2006 and generated over KES 117.2 billion ($886 million) in revenue as at FY23.
For more information, kindly contact:
Victor O. Ooko
Marketing & Communications Manager
communications@sib.co.ke