Safaricom's investment scheme gets CMA's nod
THE STANDARD BUSINESS Safaricom CEO, PeterNdegwa (centre), with, Cabinet Secretary ICT Joe Mucheru and Acting Director General Mercy Wanjau during the launch of the 5G network at the Micheal Joseph Centre.[Standard] The capital markets regulator has approved Safaricom’s mobile investment product dubbed Mali. The move brings the telco a step closer to launching the product that could disrupt retail investing at the Nairobi bourse. In its latest report on the progress of various investment solutions in its regulatory framework, the Capital Markets Authority (CMA) said the collective investmen...
Source: standardmedia.co.ke