XENO Investment Management Ltd, a Ugandan unit trust scheme, has set its sights on the Kenyan market, marking its strategic expansion beyond its home territory. Founded in 2017, the company has recently obtained regulatory approval to commence operations in Kenya. In its 2023 annual report, XENO’s chairman expressed confidence in the firm’s future as it ventures into new markets, emphasizing the positive impact of XENO’s tools and products on financial security. Notable among these is its innovative AutoSave feature, allowing customers to automate deposits from their MTN Mobile Money wallets into their XENO investment accounts. With assets under management totaling 42 billion Ugandan Shillings ($11 million) in 2023, XENO’s unit trust scheme attracted a significant influx of new customers, with registrations doubling to one hundred thousand during the same period.
As XENO Investment Management sets its sights on Kenya, it aims to replicate its success by leveraging technology and expertise to empower investors and contribute to the region’s economic development. With its proven track record and commitment to innovation, XENO is poised to make a meaningful impact on Kenya’s investment landscape, catering to the evolving needs of retail investors.