GenAfrica reclaims top spot as largest fund manager

Fund managers

Kuza Asset Management has attained a milestone after assets managed by the unit trust hit the Sh1 billion mark.

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GenAfrica Asset Managers has reclaimed the top spot as the largest fund manager by assets under management, pushing down Sanlam Investments to second place.

Data from the Retirement Benefits Authority (RBA) shows GenAfrica assets under management grew by 38 percent to Sh375.89 billion in the year ended December 2023 from Sh272.34 billion a year earlier.

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