Just who are these guys?? Their money market fund usually does so well above average and they maintain a low profile. I visited their office and there was nothing flashy about them, given their media attention with an article every Thursday on the Money pullout of DN and also their contribution in The Financial Weekly show KTN. I understand they have been in the market for sometime but their history is very difficult to come by. What is there story???? Anybody who has dealt with them???

thanks to know.
>Zimele invstments was founded by Anthony Dzuya(late)...The
>guy lost 90 million invested by a client and rumors was that
>he ended his life :(..so its always nice to carefully look
>into funds before you invest.
>



Traf,

Zimele has done a complete turnaround. Dzuya did lose money, but the problem is that he was introducing a concept very many years ahead of its time. I am an investor through Zimele, and they are giving a return of 20% on their balanced portfolio for the year 2004! There is a lot of scope in the future, and with their expected transition as fund managers this year, they will be able to hold even more money, meaning higher returns. Their cost structure is very low as the company is managed by 2 very qualified financial analysts, and a lean administrative staff. I think they are a profitable investment if you cannot decide what stock to buy.

Kamale

U can check their webpage www.zimele.net

There was a time their money market had a return of 8.5%, but i guess now it is slightly lower (but an improvement of 6.5% they had at the beginning of the year)

Zimele is currently doing 7.2% check the scrolling numbers http://zimele.co.ke/

i think 7.2% on the money market fund is still quite low wunt i be better of buying a 364 day t bill giving me a return of around 10%.