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Chamas evolving out of their traditional role into investing

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IT started as a journey to a friend’s ngurario (engagement) event, and ended up a successful investment group, or chama as popularly referred to in Kenya. The story of Rufi Limited’s formation reads like that of many other chamas around the country; a group of friends coming together for a social event and ending up as a chama as more people in the country seek for alternative income streams today. “It was after culmination of a visit to one of our friend’s ngurario that we decided to later meet somewhere for social activities and some bitings,” recalls Rufi spokesperson Geoffrey Kang’ethe. “...

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