Kenya MMF Yields
April 2026 — Full Update
All 11 CMA-regulated Money Market Funds ranked by net yield after 15% WHT — with M-Pesa paybills, minimum investments and withdrawal times.
📌 April 2026 Summary
- Top MMF: Etica Capital (Zidi) at 18.20% gross — 15.47% net after WHT
- Fastest withdrawal: Lofty-Corpin MMF at 17.50% — instant access
- Average gross yield across 11 funds: ~15.4% (vs 7–8% savings accounts)
- All funds are CMA-regulated. 15% WHT is deducted at source automatically
- Minimum entry: KES 1,000 at Etica, Lofty-Corpin, NCBA, KCB, Britam, Absa
Why Are MMF Yields So High in 2026?
Kenya's Money Market Fund yields are elevated because the Central Bank of Kenya (CBK) held its benchmark rate at 10.75% through Q1 2026. This pushed 91-Day T-Bill rates to 15.78% and the 364-Day T-Bill to 16.42% — and since MMFs primarily invest in these government securities, their yields followed.
The global "higher for longer" rate narrative has reinforced this. With US Treasuries hovering near 4.0% and Kenya's sovereign risk premium built in, the real yield differential keeps institutional and retail money flowing into MMFs. Total MMF assets globally hit $7.64 trillion in April 2026 — a 15% search interest surge shows investors are actively re-evaluating where to park cash.
For Kenyan investors, this is a rare window: government-backed returns of 15–18% with full liquidity. MMFs have not been this attractive since 2015–2016.
All 11 Kenya MMFs — April 2026 Yield Table
Gross yield before 15% WHT | Net yield = gross × 0.85 | All figures are effective annual yield (EAY)
| # | Fund | Gross | Net | Min | Withdrawal | Paybill |
|---|---|---|---|---|---|---|
| 1 | Etica Capital MMF (Zidi)Top Pick | 18.20% | 15.47% | KES 1,000 | T+1 | 511116 |
| 2 | Lofty-Corpin MMFFastest Withdrawal | 17.50% | 14.88% | KES 1,000 | Instant | 512600 |
| 3 | Cytonn Money Market | 16.90% | 14.37% | KES 1,000 | T+2 | 525200 |
| 4 | NCBA Money Market | 16.20% | 13.77% | KES 1,000 | Instant | 880100 |
| 5 | KCB Money Market | 15.80% | 13.43% | KES 1,000 | T+1 | 522522 |
| 6 | Britam Money Market | 15.50% | 13.18% | KES 1,000 | T+1 | 602600 |
| 7 | Sanlam Investments MMF | 15.10% | 12.84% | KES 5,000 | T+2 | 880100 |
| 8 | ICEA Lion MMF | 14.50% | 12.33% | KES 5,000 | T+1 | 402402 |
| 9 | CIC Money Market | 13.60% | 11.56% | KES 5,000 | T+1 | 174174 |
| 10 | Old Mutual MMF | 13.40% | 11.39% | KES 1,000 | T+2 | 542542 |
| 11 | Absa MMF | 13.20% | 11.22% | KES 1,000 | T+1 | 303030 |
Source: Fund manager disclosures, CMA Kenya, Sentill Africa Research. Yields as at April 2026. Verify directly with fund managers before investing.
How to Invest: The M-Pesa Route (5 Minutes)
Most Kenyans can now invest in an MMF directly from M-Pesa. No paperwork, no broker — just a paybill number and your national ID for KYC:
Pick a fund
Use the table above. Etica Capital (Zidi) is the highest-yielding. Lofty-Corpin is best if you need instant access.
Go to M-Pesa → Lipa na M-Pesa → Pay Bill
Enter the fund's paybill number. Account number is your national ID number.
Complete KYC on the fund's app
First-time investors need to verify identity. Takes 2–5 minutes digitally.
Your money starts earning daily
MMF interest accrues daily. Most funds credit monthly. You'll see the balance grow each time you check.
What Does 18.20% Actually Mean for Your Money?
If you invest
KES 10,000
Annual gross
KES 1,820/yr
Annual net (after WHT)
KES 1,547/yr
Monthly equivalent
KES 129/mo
If you invest
KES 50,000
Annual gross
KES 9,100/yr
Annual net (after WHT)
KES 7,735/yr
Monthly equivalent
KES 645/mo
If you invest
KES 500,000
Annual gross
KES 91,000/yr
Annual net (after WHT)
KES 77,350/yr
Monthly equivalent
KES 6,446/mo
Safety: Are Kenya MMFs Regulated?
Yes. All 11 funds above are regulated by the Capital Markets Authority (CMA) Kenya. MMFs invest in short-duration government securities (T-Bills, repos, commercial paper) — they cannot invest in stocks or real estate.
Unlike a bank account, your money is not insured by the Kenya Deposit Insurance Corporation (KDIC). However, the underlying assets (government securities) are backed by the Kenyan government, making MMFs among the lowest-risk investments available.
Compare All Kenya MMFs Live
Use Sentill's MMF comparison tool for real-time yields, net return calculations and paybill directory.
Disclaimer: Yields quoted are effective annual yields as at April 2026 from fund manager disclosures. WHT of 15% is deducted at source. Net yields = gross × 0.85. Past yields do not guarantee future returns. Always verify directly with the fund manager before investing. Sentill Africa is an information platform and does not manage or hold investor funds.