Enwealth’s money market fund assets rise 91pc to Sh2bn
The fund was the biggest contributor to the investment firm’s performance, with investment income rising to Sh94.2 million from Sh84.3 million.
Enwealth's Money Market Fund assets surged 91% to Sh2.03 billion in the six months to June 2026 from Sh1.07 billion a year earlier, driven by increased investor allocations seeking low-risk returns. Investment income for the period rose to Sh94.2 million, an 8.7% increase, while profit after tax climbed 8.7% to Sh79.5 million. The fund's growth was complemented by substantial investments in other Enwealth products, including a 229% surge in the Balanced Fund and a 75% increase in the Dollar Money Market Fund.
Managing Director Simon Wafubwa attributed the uptick to investor preferences for liquidity and capital preservation, alongside the firm's broader diversification strategy.
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