Nabo Africa Money Market Fund in 2026: Kenya's Yield Leader, Explained
Centum's Nabo Capital has topped Kenya's MMF yield table for much of 2026, reaching ~13.8% gross in July, and its famous KES 100,000 minimum has reportedly dropped to ~10,000. The full guide.
For most of 2026 the highest-yielding money market fund in Kenya has not been one of the household names. Nabo Africa MMF, run by Centum's asset-management arm, has repeatedly topped the yield table, reaching about 13.8% gross in early July. For years its six-figure minimum kept ordinary savers out. That barrier has now reportedly dropped, which makes this the right time to understand the fund.
Why its yield leads the table
Money market funds all fish in similar waters: bank deposits, commercial paper and short government securities. Differences in published yield come from fee levels, portfolio positioning and scale. Nabo has run leaner and positioned more aggressively within the MMF rules, and through 2026 that showed up as a consistent one to three percentage point lead over mid-table funds. On KES 500,000 that lead is worth roughly KES 5,000 to 15,000 a year before tax, real money for zero extra effort.
Two caveats keep it honest. First, published daily yields move weekly, and a fund leading in July can be mid-table by December. Second, a higher gross yield only matters net: after fund fees (already inside the published figure) and the 15% withholding tax, a 13.8% gross is roughly 12.4% net effective if compounded monthly.
The Centum pedigree
Nabo Capital is not a startup. It is the institutional asset manager of Centum Investment Company, listed on the Nairobi Securities Exchange, and previously operated as Centum Asset Managers. For savers weighing an unfamiliar brand against a famous one, the practical reassurance is structural: a CMA-regulated unit trust with a trustee and custodian holding the assets, plus a listed parent with a reputation to protect.
Getting in, and getting out
Onboarding is online, with follow-up by the Nabo team, and the fund recommends at least a three-month horizon to let the yield work. Withdrawals follow standard MMF practice of a few working days to your bank or M-PESA rather than the instant rails some app-based funds offer, so keep your same-day emergency float elsewhere if instant access matters to you.
Model it against the field
Project your amount and monthly top-ups at Nabo's current yield in the money market fund calculator, which carries the July 2026 ranked yields, then see how the whole field compares in our ranking of Kenyan money market funds. If you are choosing between an MMF and a locked higher-return product, start with Mansa X or a money market fund.
Nabo's published effective annual yield has run between roughly 11 and 14 percent gross across 2026, and it topped the Kenyan MMF table at about 13.8% gross in early July 2026. Yields are net of fund fees, before the 15% withholding tax, and change with market rates, so check Nabo's current daily yield before investing.
Nabo historically required KES 100,000 to start, one of the highest minimums in the market. During 2026 the reported minimum has come down substantially, with recent reviews citing about KES 10,000. Confirm the current figure directly with Nabo Capital before applying, as minimums change.
Nabo Capital Limited is a wholly owned subsidiary of Centum Investment Company, the NSE-listed investment firm, and was formerly Centum Asset Managers. It is licensed by the Capital Markets Authority.
It is a CMA-regulated money market fund investing in short-term instruments, the lowest-risk category of collective investment in Kenya. No fund is government-guaranteed, and yields move with market rates, but MMFs as a class have stable unit values and Nabo brings an institutional pedigree via Centum.
PesaCalc is independent and not affiliated with Nabo Capital or Centum. Yields are as published by the manager, move with market conditions, and are not guaranteed. This is general information, not investment advice.