Key takeaway: Nabo Capital’s shilling money market fund (often listed in industry tables as Nabo Africa Money Market Fund) is a CMA-regulated unit trust. It led many mid-2026 yield tables, then moderated: Nabo’s August 2026 factsheet showed about 11.0% net annualised for that month. In mid-September 2026 industry tables it sat around 10.2%–10.3% gross EAR (about rank 13), behind leaders such as Cytonn near 11%. Minimum initial investment on the August factsheet is KSh 100,000 (top-ups from KSh 10,000). Confirm the live rate before you invest.
This guide covers the Kenya shilling money market product managed by Nabo Capital Limited. On Nabo’s own August 2026 monthly factsheet the product is titled Nabo Money Market Fund (KES). Weekly ranking tables and media often label the same shilling pool Nabo Africa Money Market Fund. Nabo also runs a separate USD money market line (sometimes listed as Nabo Africa MMF-USD). Do not mix the two currencies when you compare yields.
The fund pools investors’ cash into short-term instruments such as government and corporate short-term debt and certificates of deposit. It is regulated by the Capital Markets Authority (CMA). Nabo Capital is the fund manager.
At a Glance
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| Item | Details (confirm live) |
|---|---|
| Official factsheet name | Nabo Money Market Fund (KES) |
| Common ranking label | Nabo Africa Money Market Fund (shilling) |
| Manager | Nabo Capital Ltd |
| Regulator | Capital Markets Authority (CMA) |
| Mid-2026 (historical) | Often led weekly tables; e.g. ~12.4%–12.8%+ gross EAR in June-period prints; peaks cited near 13.9% in some late-June compilations |
| August 2026 (Nabo factsheet) | About 11.0% net annualised for August; ~11.5% YTD net; fund size about KSh 8.47 billion |
| September 2026 (industry tables) | 7 Sept 2026: about 10.2% gross / ~8.67% after 15% WHT (rank ~13 of 32 on PesaCalc/Serrari-style list). 18 Sept 2026: about 10.3% gross (rank 13 on MMFs Kenya / Business Daily-linked table). Leaders that week included Cytonn and Faulu near 11.0% |
| Minimum initial | KSh 100,000 (August 2026 factsheet) |
| Minimum top-up | KSh 10,000 (same factsheet) |
| Management fee | Up to 2.25% p.a. on the KES MMF schedule |
| Initial / redemption fee | Nil (KES MMF schedule) |
| Tax | 15% withholding tax on interest (residents) |
| Liquidity (factsheet) | Often 24–48 hours; allow a few working days |
| Trustee / custodian (Aug 2026) | Trustee: KCB · Custodian: Stanbic Bank · Auditor: KPMG EA |
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Naming: Nabo Capital, Nabo Money Market Fund (KES) and “Nabo Africa”
- Nabo Capital Limited is the licensed fund manager.
- Nabo Money Market Fund (KES) is the title on Nabo’s August 2026 monthly factsheet for the shilling product this article describes.
- Nabo Africa Money Market Fund is the label most ranking tables and news compilations use for that same shilling MMF.
- Nabo Africa MMF-USD (or similar) is a separate dollar fund. Compare KES yields only with other KES MMFs.
If an application form, factsheet and ranking table use slightly different product titles, match the currency (KES vs USD) and the manager (Nabo Capital) before you transfer money.
Rates: Mid-Year Peaks vs September 2026
Through mid-2026, Nabo’s shilling MMF frequently topped or near-topped industry yield tables. Examples include gross effective annual rates around 12.4%–12.8% in June-period Cytonn/Vasili-style tables, with some late-June compilations citing peaks near 13.9%.
That history is useful context. It is not the September 2026 live rate.
- August 2026 (Nabo factsheet): about 11.0% net annualised return for the month; about 11.5% YTD net; still above the 3-month T-bill benchmark on their chart.
- 7 September 2026 (PesaCalc / Serrari-linked ranking of 32 funds): Nabo Africa MMF about 10.2% gross (~8.67% after 15% WHT), roughly 13th. Cytonn led near 11.1%.
- 18 September 2026 (MMFs Kenya / Business Daily industry table): Nabo Africa Money Market Fund about 10.3% gross, rank 13. Cytonn and Faulu led near 11.0%; field average about 9.3%.
- 23 September 2026 (Serrari leaders snapshot): top of the public leaders list featured Cytonn near 11.00%, Faulu near 10.94%, Arvocap near 10.79% — underscoring that weekly leadership had moved off Nabo’s mid-year peak.
Interest typically accrues with daily calculation and compounds when left invested. For residents, 15% withholding tax usually applies to interest. “Gross,” “net of fees” and “net after tax” are different labels — read each source carefully. Past yields do not guarantee future returns.
Fees
- Annual management fee: up to 2.25% p.a. for the Nabo Capital KES money market fund (onboarding fee schedule / factsheet)
- Initial charge: nil
- Redemption charge: nil on the KES MMF schedule
The management fee is relatively high versus some peers. Weigh it against the live yield, not June’s peak prints.
Minimum Investment
On the August 2026 Nabo Money Market Fund (KES) factsheet:
- Minimum initial investment: KSh 100,000
- Minimum top-up: KSh 10,000
Nabo’s public FAQs have also stated a KSh 100,000 fund minimum, with smaller savings sometimes channelled through the Chumz partner app. This article does not treat an unconfirmed cut of the direct fund minimum to KSh 10,000 as established fact. Confirm the figure on the portal or with Nabo at onboarding.
How to Invest
Direct Nabo onboarding
- Open the Nabo Capital self-registration portal.
- Complete KYC. Typical documents:
- National ID or passport
- KRA PIN certificate
- Proof of bank details (statement or cancelled cheque)
- Fund via the M-Pesa and/or RTGS/bank instructions shown at signup.
You can also start from nabocapital.com/individual and speak to a Nabo wealth contact.
Smaller amounts via partner app
If you cannot meet the KSh 100,000 direct minimum, ask Nabo whether Chumz (or another CMA-linked partner route) is still available for smaller tickets into their pool. Confirm allocation to the KES money market fund before you rely on any third-party app.
Risk and Liquidity
- Objective: capital preservation with low-risk, short-term instruments
- Holdings (factsheet): government and corporate short-term debt and deposits
- Risk: low on Nabo’s scale; not zero risk; not a KDIC bank deposit
- Withdrawals: factsheet cites about 24 to 48 hours; plan for longer if large amounts or bank rails delay settlement
- No classic fixed lock-in; processing rules still apply
Points to Watch
- Do not quote mid-2026’s 12%–13%+ as today’s rate
- September 2026 tables put Nabo near 10.2%–10.3% gross, not at the top of the board
- Minimum for direct onboarding on the verified factsheet remains KSh 100,000
- Match KES vs USD product names when comparing
- Use only official Nabo and CMA-licensed channels
Read also:Equity Money Market Fund Kenya: Rates, Features & How to Invest (2026)
Frequently Asked Questions
Is this the Nabo Africa Money Market Fund?
Industry tables usually say Nabo Africa Money Market Fund for the shilling product. Nabo’s factsheet titles it Nabo Money Market Fund (KES). Manager: Nabo Capital. Separate from the USD MMF.
What is the current rate?
It changes. August 2026 factsheet: about 11.0% net for the month. Mid-September industry tables: about 10.2%–10.3% gross EAR (roughly rank 13). Check today’s factsheet or daily table.
What is the minimum investment?
KSh 100,000 initial and KSh 10,000 top-ups on the August 2026 factsheet. Confirm at signup.
How do I invest?
Register at invest.nabocapital.com, complete KYC, then fund as instructed.
What is the management fee?
Up to 2.25% p.a. on the KES MMF. No initial or redemption fee on that schedule.
Is it safe?
It is a CMA-regulated low-risk money market unit trust. Capital preservation is the goal, not a guarantee.
How fast can I withdraw?
Nabo materials cite about 24–48 hours in normal conditions.
Who is the trustee and custodian?
August 2026 factsheet: trustee KCB, custodian Stanbic Bank.
Bottom Line
Nabo Capital’s KES money market fund (Nabo Money Market Fund on the factsheet; Nabo Africa MMF in many rankings) was a standout mid-2026 yield name. By August the factsheet showed about 11% net for the month; by mid-September industry tables it was around 10.2%–10.3% gross and no longer first. Direct entry on the verified sheet remains KSh 100,000, with a relatively high 2.25% management fee.
Open only through official Nabo channels, confirm today’s yield and product name (KES vs USD), and compare a couple of peers in the same week’s table before you transfer a large balance.
Sources:
Nabo Capital – Individual solutions;
Nabo self-registration portal;
Nabo onboarding terms (fee schedule);
Nabo Money Market Fund (KES) monthly factsheet, August 2026;
MMFs Kenya – September 2026 rates (18 Sept table: Nabo ~10.3%, rank 13);
PesaCalc – MMF ranking (7 Sept 2026: Nabo ~10.2%, rank 13);
Serrari Group – Kenya MMF rates;
Capital Markets Authority.
This article is for information only and is not investment, tax or legal advice. Yields are not guaranteed. Confirm all terms with Nabo Capital before investing.