Standard Chartered Opens New Gateway to Global Investments as Kenya Emerges as Africa’s Wealth Hub
New VCC investment platform gives eligible Kenyan investors access to global fund managers and diversified strategies
By Jeff Kizzilah Digital Editor
Standard Chartered has launched a new investment platform in Kenya designed to give eligible sophisticated investors access to professionally managed global investment strategies through a single, flexible structure.
The Standard Chartered Funds VCC – Signature Select, approved by the Capital Markets Authority (CMA), brings together leading international fund managers and Standard Chartered’s global investment expertise, opening a new avenue for Kenyan investors seeking diversification beyond traditional local investments.
The launch comes at a time when Kenya’s wealth management market is rapidly evolving. The country is estimated to have about 7,000 US-dollar millionaires, while Africa’s millionaire population is projected to grow significantly over the next decade.
