The Capital Markets Authority has admitted KOA Save Africa Ltd and Moneto Ventures Ltd to the Regulatory Sandbox. The two firms will test their innovations in a live capital market environment, in compliance with the CMA Regulatory Sandbox Policy Guidance Notes @CMAKenya
The move is in line with the commitment to develop and deepen the capital markets by facilitating the deployment of financial technology (fintech).
KOA Save Africa will test KOA App, an innovation that seeks to help retail investors to easily, conveniently, and affordably, save and invest in the capital markets.
The mobile app has the capacity to embed several collective investment schemes focusing on money market funds. KOA App is accessible to iOS and Android mobile users and it will be put to the test for six months.
Moneto Ventures will test its Chumz App, an app also available on iOS and Android mobile devices that uses behavioural psychology techniques to encourage users to save and build a culture of digital savings and investment.
Moneto Ventures seeks to achieve this by ensuring minimum effort between the decision to save and invest, and the actual deposit while helping investors keep track of their progress on specific goals.
Moneto Ventures will test its app in the Regulatory Sandbox for one year.

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More from @MaudhuiHouse

26 May
News of @SafaricomPLC entry into Ethiopia telcom market sent its share price rallying to a record average of Kes41.75 increasing shareholder paper wealth by Sh90.1 billion in a day on Monday, May 25 bit.ly/3yB1Uwy
At Kes.1.67 trillion, the value of @SafaricomPLC counter hit 62 per cent of the Nairobi Securities Exchange (NSE), effectively pinning the fortunes of Kenya’s capital market to the success of the telco giant. @NSE_PLC
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26 May
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“ We could improve in the areas of credit management but our overall strategy has enabled us to jump faster than expected” ~ @KeEquityBank CEO Dr James Mwangi

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“Non Funded Income has gone up by 30% to KES 10.7 B , up from KES 8.3 B during a similar period last year, this means that we have bounced back to our pre-covid days” ~ @KeEquityBank CEO Dr James Mwangi.

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25 May
NCBA Group posts a remarkable 75 per cent growth in earnings with its quarterly profit to March 2021 rising to Kes.2.8 billion from Kes.1.6 billion last year on the back of improved interest income and a lower cost base @NCBABankKenya
NCBA total operating income has risen to Kes.11.8 billion from Kes.10.9 billion on the back of a 20 per cent rise to net interest income to Kes.6.6 billion which helped offset a 3.7 per cent decline in non funded income to Kes.5.2 billion. @NCBABankKenya
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@SafaricomPLC CEO Peter Ndegwa says there's real commitment from Ethiopia to facilitate new licensees to operate #TwendeTukiuke
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The FSI flight stimulator will be crucial for pilot training within Kenya 🇰🇪 and will essentially slash travel cost for @FlyJambojet pilots who would normally fly all the way to Canada 🇨🇦 to receive the exact same training.
“The simulator has been in use since June 2020 and has enabled us to save atleast 10% of its total expenses” ~@FlyJambojet MD
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25 May
Egypt has received the first batch of raw materials to start manufacturing China’s Sinovac Covid-19 vaccine bit.ly/3wvkcNV
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VACSERA will produce more than five million doses of Sinovac vaccine in two months, and 40 million doses within a year - Egypt Health Ministry
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