Safaricom-backed MMF Mali tops Sh3bn in assets

Safaricom app

A Safaricom's M-Pesa app user. 

Photo credit: File | Nation Media Group

Safaricom’s backed Mali Money Market Fund (MMF) has reached Sh3 billion in assets under management as of the end of September 2024 from Sh1.3 billion a year prior, the telco disclosed in its half-year results.

Mali now ranks among the top collective investment schemes, despite the fund only launching as a pilot with a full licence still pending.

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Note: The results are not exact but very close to the actual.