Kenya’s investment schemes hit $3bn

By MWorld Team Mar 11, 20250

Kenya’s collective investment schemes (CIS) market has witnessed remarkable growth, with total assets under management (AUM) soaring to Ksh 389.15 billion (over $3bn) as of December 31, 2024, reflecting a 23% increase from Ksh 316.38 billion ($2.4bn) recorded in September 2024.

According to the latest Capital Market Authority (CMA) report, the CIC Unit Trust Scheme retained its position as the market leader, commanding 21% market share with AUM totaling Ksh 82.49 billion, marking a 17% growth from the previous quarter.

Sanlam, Mansa X, and NCBA Lead Growth in Top Five
Sanlam Unit Trust Scheme ranked second with Ksh 62.75 billion in AUM, a 34% increase from Ksh 46.85 billion in September 2024. The Mansa X Special Fund, known for its alternative investment strategies, secured the third position, amassing Ksh 61.65 billion and a 22% market share.

NCBA Unit Trust Scheme followed closely with Ksh 39.33 billion, experiencing 19% growth, while Britam Unit Trust Scheme rounded out the top five at Ksh 29.28 billion, reflecting a 5% increase.

High-Growth Performers and Market Trends
The KCB Unit Trust Scheme recorded the highest percentage growth among major funds, surging by 68% to reach Ksh 8.92 billion, up from Ksh 5.54 billion. Meanwhile, the Stanbic Unit Trust Scheme saw a dramatic 621% jump, increasing its AUM from Ksh 338 million to Ksh 2.44 billion.

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Other notable gainers included:

-Apollo Unit Trust Scheme (up 20% to Ksh 2.43 billion)
-Gen Africa (up 39% to Ksh 2.39 billion)
-Zidi Money Market Fund (up 32% to Ksh 1.97 billion)
-Avrocap Unit Trust Funds (up 216% to Ksh 537.67 million)
-Mayfair Unit Trust Scheme (up 88% to Ksh 117.78 million)

Challenges and Declining Schemes
Despite the overall market surge, some funds posted declines, including Equity Investment Bank, which saw its AUM drop by 14% to Ksh 119.45 million. Faulu Unit Trust Scheme and Orient Collective Investment also recorded slight dips.

Outlook for 2025
Kenya’s CIS market continues to expand as investors increasingly seek diversified, professionally managed investment options. With rising investor confidence, strong regulatory oversight, and the growing adoption of digital investment platforms, experts anticipate further growth in 2025, with market leaders expected to consolidate their positions while smaller firms aim for aggressive expansion.