Two MansaX investment funds managed under Standard Investment Bank’s investment trust umbrella have received International Securities Identification Numbers (ISINs) from the Nairobi Securities Exchange (NSE). The codes, announced following an issuance ceremony on October 13, 2026, are intended to make the funds easier for financial institutions to identify and administer as MansaX seeks a wider investor base.
LIVENSE market summarySee NSE data →Key Overview
- MansaX Special Fund (KES): ISIN KE9930009213.
- MansaX Shariah Special Fund (KES): ISIN KE9930009437.
- The identifiers could simplify custody, reconciliation and investment reporting for institutional investors.
- Both funds form part of a collective investment scheme regulated by Kenya’s Capital Markets Authority (CMA).
- An ISIN identifies an investment product; it does not by itself mean the fund is exchange-listed or guarantee returns.
NSE Assigns International Codes to Two MansaX Funds
The two Kenyan-shilling funds received their identifiers during a ceremony at the NSE trading floor in Nairobi on October 13. The move supports MansaX’s effort to serve not only individual investors but also pension funds, companies, family offices and international institutions.
Nahashon Mungai, Executive Director for Global Markets at Standard Investment Bank and Portfolio Manager of the Standard Investment Trust Funds, said a recognised identifier can help custodians, banks and asset managers process investments more efficiently. The announcement detailing both ISIN allocations describes the step as part of the funds’ institutional development.
What an ISIN Means for Investors
An ISIN is a 12-character identification code assigned to a financial instrument under the ISO 6166 standard. Its purpose is to give market participants a consistent way to identify an instrument across different systems and jurisdictions.
The global securities identification framework helps institutions distinguish financial products with similar names, maintain custody records, reconcile holdings and prepare reports. This can reduce administrative friction when investors, intermediaries and service providers operate across borders.
However, receiving an ISIN is not the same as listing fund units for trading on the NSE. It does not automatically create a secondary market, establish liquidity or demonstrate stronger investment performance. Those characteristics depend on each fund’s legal structure, terms and underlying assets.
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CMA Regulation and the Wider MansaX Fund Range
The two products sit within Standard Investment Trust Funds, an umbrella collective investment scheme managed by Standard Investment Bank. The regulator’s register of approved schemes lists both KES funds alongside their US dollar counterparts.
The CMA had already authorised four MansaX special-fund variants in its August 2024 sub-fund approvals: the standard and Shariah strategies, each denominated in Kenyan shillings and US dollars. The October 2026 ISIN announcement specifically identifies the two KES funds, rather than all four products.
LIVENSE market summarySee NSE data →Potential Impact on Kenya’s Investment Market
For MansaX, internationally recognised identifiers may make discussions with pension schemes, professional asset managers and overseas institutions easier by supporting standardised record-keeping. The reported institutional expansion plans also reflect a broader ambition to connect Kenyan investment products with global financial infrastructure.
For prospective investors, the practical message is narrower: better product identification can improve operational access, but the investment decision still requires scrutiny of the relevant factsheet, management fees, portfolio risks, redemption conditions and historical performance.
The issuance is therefore a meaningful infrastructure development for MansaX, while its impact on fundraising and international investment participation will depend on what follows.
Sources: Standard Investment Bank / Capital Markets Authority / International Organization for Standardization / Association of National Numbering Agencies / The Star
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