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Money market funds book record returns on high interest rates

Dr.Peter Ndegwa(R) CEO Safaricom PLC testing out the SHOOK robot together with Jerusha Okubasu Youth Segment Lead SHOOK during the Safaricom Decode event held at Sarit Exco Nairobi. [Wilberforce Okwiri,Standard]

The surge in money market funds (MMFs) that offered investors double-digit returns in 2024 propelled financial services firms to record profits during the year.

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