Investor Panic at Mali MMF Amid Internet Rumours
Mali MMF, a money market fund managed by Genghis Capital, experienced a significant surge in fund withdrawals yesterday following the circulation of unsubstantiated rumors on social media. These unverified claims alleged that the company owed 345 million Kenyan Shillings and faced imminent asset seizure. In response, Mali MMF issued a direct message to its investors,…