The Capital Markets Authority has taken a significant step by granting approval to Safaricom PLC to establish the Ziidi Money Market Fund as a Collective Investment Scheme (CIS). This move is set to bring about a host of benefits and opportunities for both Safaricom and its customers. With the fund set to be accessible through the M-PESA platform, subscribers will now have a convenient way to grow their wealth through the use of capital markets.

Unlock the Potential of Capital Markets with Ziidi

Partnerships and Fund Managers

Safaricom has partnered with three renowned fund managers, namely Standard Investment Bank, ALA Capital Limited, and Sanlam Investments East Africa Limited. This collaboration ensures that the Ziidi Money Market Fund is offered to customers and collaborators in a secure and efficient manner. The expertise and resources of these fund managers will play a crucial role in the success of the fund.

These partnerships enable Safaricom to provide its customers with a diverse range of investment options. By working with multiple fund managers, Safaricom can offer different investment strategies and approaches, catering to the varying needs and preferences of its clients. This not only enhances the value proposition of the Ziidi Money Market Fund but also gives customers more choices and flexibility.

The collaboration also brings in the experience and knowledge of these established fund managers. They bring with them a track record of successful fund management and a deep understanding of the capital markets. This expertise will help in navigating the complexities of the market and making informed investment decisions.

Meeting Market Needs and Regulatory Compliance

Safaricom remains committed to meeting the needs, preferences, and demands of clients and users in an ever-evolving market. At the same time, the company prioritises remaining compliant with the regulatory requirements and laws of the industry. This dual focus ensures that Safaricom operates in a sustainable and responsible manner.

The establishment of the Ziidi Money Market Fund is in line with this commitment. It provides customers with an accessible and diversified investment option that aligns with their financial goals. By offering a collective investment scheme, Safaricom enables customers to pool their resources and benefit from professional fund management.

Compliance with regulatory requirements is crucial for the stability and integrity of the capital markets. Safaricom understands the importance of adhering to these regulations and has put in place robust systems and processes to ensure compliance. This not only protects the interests of investors but also enhances the reputation and credibility of the company.

Impact on Wealth Growth and Financial Inclusion

The Ziidi Money Market Fund is expected to have a significant impact on wealth growth and financial inclusion. By providing accessible and diversified investment options, it enables unit holders to develop their portfolios and achieve their financial goals.

The fund's accessibility through the M-PESA platform makes it convenient for a wide range of customers, including those who may not have had access to traditional investment channels. This helps in promoting financial inclusion and bringing more people into the fold of capital markets.

Moreover, the fund's focus on optimizing unit holder development aligns with the broader National Government's financial inclusion strategy. It contributes to the growth and development of the overall finance services sector and helps in creating a more inclusive and prosperous economy.