[1 August 2024, Nairobi, Kenya]
Standard Investment Bank (SIB) has been licensed by the Capital Markets Authority (CMA) to operate Special Collective Investment Schemes (CISs), in line with the provisions of the Capital Markets Act and the Capital Markets (Collective Investment Schemes) Regulations, 2023.
Under this license, SIB’s Mansa-X will become Mansa-X Special Fund (KES & USD), and Mansa-X Shariah Fund will become Mansa-X Special Shariah Fund (KES & USD). The Funds offer existing and potential clients enhanced operational efficiency and oversight, providing them with opportunities to grow their wealth through conventional and Shariah-compliant avenues.
“We thank the CMA for granting us this special license,” said Nahashon Mungai, Executive Director for Global Markets at SIB. “With these enhancements to our existing licenses, we continue to work to give our investors the very best returns and customer experience,” he added.
SIB remains committed to offering innovative investment solutions that meet the evolving needs of its clients. The Special CIS license aligns with SIB’s mission to enhance financial inclusion and broaden the reach of capital market products in Kenya.
Notes to the Editor:
Standard Investment Bank (SIB) is a leading financial services firm in Kenya founded in the year 1995 with over Kshs. 850 million worth of shareholders’ funds. The firm offers the market a single point of entry for Asset Management, Securities Trading, Market Research, Investment Management and Corporate Finance.
For more information, kindly contact:
Victor O. Ooko
Marketing & Communications Manager
+254 202 277 030
communications@sib.co.ke
