GenAfrica offers you a chance to earn money by investing on Money Market Fund. The interest on your investment will range between 15% to 18% per year. As of 2024 the interest was 16.90% per year.
Minimum Initial Investment
GenAfrica Minimum Initial investment is Ksh 500,000. This is serious money and is targeting high net worth individuals. But considering that their interest rate is above 16%,it’s worth investing in.If your investment is worth Ksh 1 million, you will be earning interest of Ksh 160,000 and above per year.
Requirements to invest in Money market Fund
- Initial investment -KES 500,000
- KRA Pin certificate
- ID Copies (Front and Back)
- Passport size photo
- Proof of banking. (Bank statement/Cancelled cheque/Photo of ATM Card)
When signing up for MMF,you will present all these documents and the initial investment amount.
GenAfrica Contacts
GenAfrica Asset Managers Kenya Limited
1st Floor, Arlington Block,
14 Riverside, Off Riverside Drive,
Contacts: +254737350771
Unit Trust: 0112703157
Working Hours—Mon – Fri : 8:00 – 5:00
Withdrawal
You can withdrawal many times as long as the investment is not below Ksh 500,000. To request for withdrawal, send an email to the company and state the exact amount of money you wish to withdraw. You should also indicate your member number. The funds will be deposited in your bank account within 3 working days.
How to join GenAfrica Money market Fund
We have already indicated the list of documents you are required to provide. To join, contact the company through 0112703157.They will respond promptly and give you the direction. The process of joining can take few hours as long as you meet the minimum requirements.
