The name ‘Kuza’ may not be the most famous in the money market sector, but it has established itself as a reliable performer thanks to its competitive payouts. For example, as of 30th January 2026, the Kuza Money Market Fund offers an effective annual yield rate of 10.48%, positioning it at rank 8 among the top-performing money market funds in the country.
Today, Kuza isn’t just dishing out competitive payouts to its members or unit holders, but it also delivers on several fronts, such as high liquidity and capital preservation through calculated low-risk investments.
I’ll share more about the advantages of investing in Kuza and why the fund may be your best bet yet regarding its performance. Ultimately, you will be familiar with this money market fund and have enough armory to decide if you should pursue the investment.
Here’s what you can look forward to learning about Kuza:
- What’s Kuza Money Market Fund?
- How does the Kuza MMF work?
- Kuza Money Market Fund’s performance lately
- Should you invest in the Kuza Money Market Fund?
- How do you join the Kuza MMF?
- How do you withdraw from your Kuza MMF account?
- Kuza MMF contact information
Here we go!
In a rush? Below is an updated Kuza Money Market Fund fact sheet as of January 2026
Kuza Money Market Fund Fact Sheet
| Fund Name | Kuza Money Market Fund |
| Fund Structure | Collective Investment Scheme |
| Launch | December 2022 |
| Base Currency | KES and USD |
| Fund Manager | Kuza Asset Management |
| Custodian | KCB Bank Ltd |
| Trustee | Cooperative Bank of Kenya |
| Regulator | Capital Markets Authority |
| Other License | Retirement Benefits Authority |
| Risk Profile | Low |
| Effective Annual Yield Rate (KES) | 10.48% (as of 30th January 2026) |
| After Tax Net Return | 8.91% |
| Minimum Investment | Ksh 5,000 |
| Minimum Top-Up | Ksh 1,000 |
| Management Fee | 2% per annum |
| Withholding Tax | 15% |
| Fund Withdrawal Time | 48 hours |
| Lock-In Period | Two weeks |
What’s Kuza Money Market Fund?
The Kuza Money Market Fund is a Collective Investment Scheme by Kuza Asset Management that invests in short-term low-risk securities such as bank and call deposits, government T-bills, government T-bonds, Corporate bonds, and commercial papers.
The Money Market Fund (MMF) was founded in December 2022, making it just over three years old in the country. The fund offers two products to its investors as follows:
1. Kuza Money Market Fund KES
Kuza Money Market Fund KES targets short-term-oriented, low-risk local investors who wish to invest in securities that promise inflation-beating returns.
The base currency, in this case, is the Kenya Shilling. When joining, customers must make a minimum deposit of Ksh 5,000 and a minimum top-up of Ksh 1,000.
As of 30th January 2026, the Kuza MMF KES’s effective annual rate is 10.48%, delivering an after-tax net return of 8.91% to investors.
2. Kuza Money Market Fund USD
The above money market fund product by Kuza Asset Management targets investors looking to hedge against the volatile exchange rate through short-term US-denominated securities.
So, the base currency is the US dollar. Investment-wise, the minimum joining amount is $100, and you must make a minimum top-up of $50. The USD fund provides returns that typically range between 5-6% annually, though rates vary based on market conditions.
Below is a quick comparison between Kuza MMF KES and Kuza MMF USD.
| – | Kuza MMF KES | Kuza MMF USD |
| Base Currency | Kenya Shillings (KES) | US Dollar (USD) |
| Minimum Investment | Ksh 5,000 | $100 |
| Minimum Top-Up | Ksh 1,000 | $50 |
| Effective Annual Yield (As Of 30th January 2026) | 10.48% | ~5-6% |
| After-Tax Net Return | 8.91% | Varies |
| Benchmark | GOK 91-day T-bill | Tier-1 KCB Average Dollar Deposit Rate |
How Does Kuza Money Market Fund Work?
All money market funds in Kenya have a similar working model, and Kuza is no exception. Like others, the Kuza Fund features several parties and key players, such as members (or unit holders), the money manager, the custodian, the trustee, and the regulator.
The members where you come in are the individual investors who pool their money in exchange for units or shares, thus the name unit holders. Usually, the interest income earned is directly proportional to the shares or units a member holds.
The money manager, who in this case is Kuza Asset Management, is tasked with developing the investment portfolio, researching the investment opportunities, and investing on behalf of the investors.
But to ensure that there are no malpractices and everything happens by the book, the Trustee, who in this case is the Cooperative Bank of Kenya, comes in.
Though the Fund Manager invests the money, he doesn’t keep it. That’s the custodian’s duty, which in this case is KCB Bank. Overall, the money market fund and the fund manager must be approved and licensed by the Capital Markets Authority(CMA).
But in addition to CMA, Kuza is also licensed by the Retirement Benefits Authority as a retirement plan for its members.
Kuza Money Market Fund Performance
Since its launch in December 2022, Kuza Money Market Fund has shown strong and consistent performance. The fund has grown significantly, with Kuza Asset Management crossing the Ksh 2 billion mark in Assets Under Management across all their products.
Here’s how Kuza ranks among top money market funds in Kenya as of 30th January 2026:
| Rank | Money Market Fund | Effective Annual Yield | After-Tax Net Return |
| 1 | Cytonn Money Market Fund | 11.86% | 10.08% |
| 2 | ArvoCap Money Market Fund | 11.83% | 10.06% |
| 3 | Nabo Money Market Fund | 11.80% | 10.03% |
| 4 | Enwealth Money Market Fund | 11.08% | 9.40% |
| 5 | Lofty Corban MMF | 11.02% | 9.38% |
| 6 | Etica Money Market Fund | 10.88% | 9.25% |
| 7 | Jubilee Money Market Fund | 10.82% | 9.20% |
| 8 | Gulfcap Money Market Fund | 10.79% | 9.17% |
| 9 | Kuza Money Market Fund | 10.48% | 8.91% |
| 10 | Old Mutual Money Market Fund | 10.19% | 8.68% |
Market Context (as of 30th January 2026):
- Average Market Return: 9.17%
- 91-Day T-Bill Return: 7.7% (6.6% after tax)
- 182-Day T-Bill Return: 7.8% (6.6% after tax)
- 364-Day T-Bill Return: 9.2% (7.8% after tax)
- Inflation Rate (December 2025): 4.5%
- Central Bank Rate (CBR): 9.00%
It’s worth noting that money market fund yields fluctuate based on various factors including Central Bank rates, Treasury Bill performance, and overall market conditions. Kuza’s performance shows it consistently beats inflation by approximately 4.4 percentage points (after tax) and significantly outperforms traditional savings accounts.
The data shows that while Kuza ranks 9th among 31 money market funds in Kenya, it still delivers competitive returns that exceed Treasury Bills and beat inflation comfortably.
Should You Invest in The Kuza Money Market Fund?
All money market funds involve some risk, but that shouldn’t stop you from investing. As for Kuza, here are the reasons the money market fund is worth investing:
1. Good returns
With an effective annual yield of 10.48%, Kuza delivers competitive returns that beat both inflation and Treasury Bills. After accounting for the 15% withholding tax, investors earn a net return of 8.91%, which is significantly better than the 91-day T-Bill after-tax return of 6.6% and far exceeds the December 2025 inflation rate of 4.5%.
2. Reasonable investment and top-up limits
Even though you’ve to deposit at least Ksh 5,000 to join Kuza and top up at least Ksh 1,000, the amount isn’t too much of an ask. It’s pretty reasonable compared to some funds that require Ksh 100,000 or more to start.
3. High liquidity
Ordinarily, it takes up to 48 hours (2 business days) to withdraw funds from your Kuza Money Market Fund account. That allows you to become liquid quickly and quickly attend to your pressing financial emergency.
4. Low risk
Kuza targets low-risk securities with the potential for short-term and mid-term growth. Their goal is to preserve capital just as much as they want to grow it, which often involves taking calculated risks.
Their expert team does due diligence to ensure that the fund manager takes up the correct investments and buys the right securities on behalf of its members.
5. Passive income
Kuza distributes its interest income monthly, allowing you to earn something every month, and you don’t have to do anything but invest.
6. Saving culture
You can use a money market fund like Kuza to provoke you to save for whatever money goal. Generally, you can attain your money goal if you are consistent with the top-ups.
That includes saving up for the following:
- Emergency fund
- College fees
- Mortgage deposit
- Car purchase
- Land purchase
- Chama project
- Family welfare
- Wedding
- Vacation
- Staff welfare
Remember, the advantage of saving up with an MMF like Kuza is that your money grows with you. As long as you continue saving, your money will earn interest. And in case you want to withdraw, you get to do it anytime, and you can have your funds in a few days.
There are just not many investment vehicles that can promise such advantages, and Kuza, being one of the best-yielding money market funds in the region, they are indeed a worthy consideration.
How Do You Join the Kuza Money Market Fund?
The process of joining Kuza has been simplified with both online and app-based options. Here are the basic steps:
Step 1 – Visit the Kuza Asset Management website (www.kuza.africa) or download the Kuza mobile app from Google Play Store or Apple App Store.
Step 2 – Choose between the individual and corporate application form, depending on whether you are joining as an individual or group. You can now complete the application directly online or download the form and fill it out.
Step 3 – Attach the necessary KYC documents (copy of ID/Passport, KRA PIN certificate or tax exemption, proof of bank account, and birth certificate in case of a minor).
Step 4 – Make the necessary deposits (a minimum of Ksh 5,000 to join). You can make deposits via M-PESA or bank transfer to the designated Kuza account.
The entire process can now be completed digitally through their online client portal at client.kuza.africa or via their mobile application, making it much more convenient than before.
How to Withdraw Money from Kuza Money Market Fund?
You can withdraw funds from your Kuza MMF account using any of these two options:
- Using the App – Launch the Kuza mobile app, tap on Withdraw, and follow the prompts. This allows you to quickly withdraw funds from Kuza at the tap of a button. Funds are typically processed within 48 hours.
- Using the online portal – You can also withdraw funds using the Kuza online portal at client.kuza.africa. Log into your online account, click withdraw, and follow the prompts.
Note that there is a 14-day lock-in period for new investments, meaning you cannot withdraw funds that have been deposited for less than two weeks. This policy helps maintain fund stability and ensures better returns for all investors.
Kuza Money Market Fund Contact Information
You can contact Kuza to make inquiries on the money market fund using any of these details:
- Head office: Prism Tower, 12th floor, 3rd Ngong’ Avenue, Nairobi
- Box number: 26180 – 00100, Nairobi Kenya
- Email: info@kuza.africa
- Website: www.kuza.africa (online chat)
- Phone: +254 705 666 444
Concluding Thought
The Kuza Money Market Fund is, without a doubt, a worthy investment if you are looking for a low-risk money market fund vehicle. The returns are also impressive, and you don’t have to break the bank to get started.
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