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From left- Jonathan Ogutu-Head of operations, Radhika Bhachu- CEO, Victor Marangu- CDO, Shadrack Yako- Head of compliance during the Launch f KIBABA Fund in Nairobi.
- Ndovu Wealth Management Launches Kibaba Multi-Asset Development Fund: Empowering Everyday Kenyans with Global Investments;
In a move set to transform wealth creation in East Africa, Radhika Bhachu, CEO and co-founder of Ndovu Wealth Management, unveiled the Kibaba Multi-Asset Special Fund, a first-of-its-kind fund designed to give everyday Kenyans access to global investment opportunities.
Speaking at the launch, Bhachu reflected on the company’s five-year journey, noting that Ndovu was the first Capital Market fund to bring international markets closer to East African investors.
“As Kenyans, we consume technology and products priced in dollars, yet earn in shillings. That’s a structural disadvantage we aim to address,” Bhachu said, emphasizing the fund’s mission to shift Kenyans from a “consumption mindset” to an “ownership mindset.”
Ndovu Wealth Management is currently serving over 200,000 users and is regulated in three countries by the Capital Markets Authority (CMA), providing a strong foundation of trust and credibility.
Over the past five years, the company has launched money market funds in both Kenyan shillings and USD, delivering competitive double-digit returns for its clients.
The Kibaba Fund is a collective investment scheme offering structured, diversified exposure across global asset classes, including equities, fixed income, REITs, ETFs, and commodities.
Denominated in USD and KES, it targets medium- to long-term investors with a moderate risk appetite. Minimum initial investments are KES 250,000 for the Kenya Shilling Fund and $2,500 for the US Dollar Fund.
“We created the Kibaba Fund in response to evolving investor demands and the simple belief that every investor deserves access to world-class investment opportunities,” Bhachu said.
“Five years of listening to our investors, studying markets, and refining our approach has led us to build this fund.”
The fund is managed by a specialist team with over 90 years of collective market experience. DTB Kenya Limited serves as the custodian, and Kingsland Court is the trustee, ensuring full compliance with Capital Markets regulations and providing investors with peace of mind.
The Kibaba Multi-Asset Special Fund: Inspired by Tradition, Designed for Today
The Kibaba Fund leverages global market opportunities across four key pillars: one is the Income pillar providing steady, high-quality yields, second is the growth pillar, capturing capital appreciation from global innovation and corporate earnings, third is the Protection pillar, hedging against inflation and currency volatility through gold, commodities, and active foreign exchange management, and fourth is the liquidity pillar, maintaining agility to capitalize on market opportunities and control drawdowns.
By dynamically adjusting allocations based on macroeconomic trends and market signals, the fund helps investors stay diversified and invested, eliminating reactive decision-making in volatile markets.
“Historically, accessing global diversification meant maintaining offshore accounts or navigating complex foreign brokerages,” said Victor Marangu,Chief Distribution Officer.
“The Kibaba Fund eliminates these barriers, bringing world-class wealth creation tools directly to Kenyans in a simple, transparent, and fully regulated way,” he added.
The fund’s name, Kibaba, draws from a centuries-old East African tradition of saving systematically to secure the future of families and communities. “Haba na haba hujaza kibaba”, small by small fills the measure.
Today, with $85 billion reportedly sitting idle in low-yield African bank accounts across Africa, Ndovu is modernizing this principle, encouraging long-term wealth creation over mere saving.
“Our mission is to help every African become a capital markets holder in the next decade,” Bhachu said.
“Financial freedom is when your investment income meets or surpasses inflation, enabling you to live without relying solely on active labor.”
The fund’s technology-first approach allows investors to deposit funds securely, track portfolios in real time, and make informed decisions entirely through digital platforms, combining convenience with transparency and institutional-grade governance.
Bhachu emphasized the fund’s inclusivity, targeting urban professionals in mid-to-high income tiers who are eager to grow their careers and financial portfolios.
The launch coincides with robust capital markets growth in Kenya, positioning Kibaba as an accessible gateway to global wealth.
“We welcome all qualifying investors to the Kibaba Fund, the one-stop shop for all their investment needs,” Bhachu concluded.
With the Kibaba Multi-Asset Development Fund, Ndovu Wealth Management is poised to redefine financial literacy and wealth creation in East Africa, ensuring that everyday Kenyans are not just saving, but actively building and growing their wealth.
