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SIB rakes in Sh1.4bn fees from managing Mansa X funds

Fees from Mansa X funds grew by 68.4 percent in 2024.

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By  Kepha Muiruri

Business Reporter

Nation Media Group

Standard Investment Bank (SIB) earned Sh1.4 billion in fees levied on its Mansa X Special Fund, thanks to growth in assets from investment performance and re-investments by clients.

Disclosures by the investment bank show that fees from four Mansa X sub-funds were 68.4 percent higher than in 2023, when SIB netted Sh874.4 million.

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