What They Don’t Tell You About the Safaricom Ziidi Money Market Fund

[@jackmaina816]

I realized that despite Ziidi (SIB & ALA Capital limited) having a different backing from Mali (Genghis capital) they're extremely similar down to the point where during initial set up I noticed that they used the same beneficiary I had put in Mali. It's basically a reskinned version of Mali MMF. The interest rate in ziidi is 2 percentage points lower from Mali with an average return of about 11.5% since the day they started operating. As you've well put it, Ziidi offers convenience and is easily accessible. PS: Ken the mic wasn't picking your voice very well.

[@kensmoneymatters]

Yeah, Ziidi is convenient and easily accessible to many. It's a good starting point. My mic dropped, bro. While filming. Glad you got the message regardless. Thank you for being here.

[@wealthwise247]

Coporate wars. Safaricom flexnh😢it's monopoly muscles on Mali

[@wealthcents101]

ZIIDI will catch up fast with it's sister mmf returns by Mali. They need only a sizable fund to achieve that by having a better bargain in investing.

[@wealthwise247]

@@wealthcents101 True. That's because Safaricom has given Ziidi an unfair advantage over Mali by 1. Blocking Mali from acquiring new investors. 2. Transferring some clients from Mali to Ziidi.

[@kisanyafaith3585]

Is the interest earned according to amount invested or you haveto invest daily

[@oscarmomanyi2114]

So money 💰 locked doesn't earn any interest just good for security or interest are calculated with the ordinary of zidii investment. Answer me please.

[@billarigi2917]

Thanks alot for your indepth insights bro! This is well put

[@kensmoneymatters]

Glad you got something from this!

[@KeddyCheptoo]

Interest rate?

[@meshachmuthiani3158]

Good stuff. Who remits the withholding tax to kra ? Is the WHT calculated based on the net interest earned?

[@wealthcents101]

Whtax is calculated on the total fund returns not individual earnings and is the responsibility of the fund manager to account and remit to kra. It is a final tax.

[@peterndwiga4694]

Does it invest money paid on weekends?

[@johnammwarigha8874]

@@peterndwiga4694 money earns interest only on weekdays

[@wealthcents101]

All fund purchases, deposits /Investment must wait the next business day to start earning interest, in all MMFS. Do a deposit on Friday must wait until Monday and same on public holidays.

[@peterndwiga4694]

@@wealthcents101 thanks aheap . Keep the good work.

[@mercyfaithmaringa]

Why should I choose Ziidi and not Mali?

[@carswithmula]

Mali does it allow new sign ups

[@baulitious1710]

Who is ALA?

[@wealthcents101]

New fund manager registered in 2023 and licensed by CMA

[@wealthwise247]

Good question. Who are the ultimate beneficiaries?

[@sub_kulture11]

HOW CAN I INVEST IN THIS FROM ABROAD?

[@kensmoneymatters]

Do you have MPESA?

[@sub_kulture11]

@kensmoneymatters they gave my number to someone else

[@johnammwarigha8874]

Genghis has protested safaricoma move of forming another MMF. If it ends up in court it maybe locked

[@kensmoneymatters]

When did this happen?

[@johnammwarigha8874]

@kensmoneymatters I read it on business daily e-paper, December 19. They have refered safaricom as a FRAUD

[@joycek483]

😮

[@salvadormutisya4037]

​@@kensmoneymattersToday

[@johnammwarigha8874]

@@kensmoneymatters check business daily December 19

[@salvadormutisya4037]

It's Lower than Mali

[@kenkiriga4109]

‏‪7:49‬‏ i get 0.17 per day

[@carswithmula]

What amount invested?

[@TaliyeashitoTaliye]

How can I open MMF account from Safaricom plz

[@kensmoneymatters]

Please watch the whole video.

[@baulitious1710]

Look for financial services using the mpesa short code or super app

[@wealthwise247]

Through ussd 334 or the Mpesa app

[@mikekimmso]

I was recommended here by chat gpt

[@kensmoneymatters]

What? Show me the screenshot!!!!

[@wambuiwanjiru8093]

Same 😂😂you ask about zidii it recommendeds you watch the video 😊