Nairobi, June 1 -- The Capital Markets Authority has been approving a growing number of special funds and multi-asset investment vehicles, signalling a notable shift in Kenya's investment landscape.

From infrastructure-focused funds to private market vehicles and alternative asset products, fund managers are increasingly racing to tap into what many describe as the next frontier of wealth creation.

But behind the surge in approvals lies a more pressing question: are alternative investments truly reshaping wealth creation in Kenya, or are they the latest financial products riding a wave of sophistication and optimism?

For Joseph Kahinda, Head of Trading, Global Markets at Standard Investment Bank, the momentum reflects a market that is ...