Kenya’s Capital Markets Authority (CMA) has approved new fund management licenses and additional collective investment schemes, a day after the regulator licensed six new market intermediaries.
The Authority approved Mema Asset Management Limited as a fund manager, allowing the firm to offer management services to both local and foreign investors, including corporate and high net worth individuals.
The CMA also greenlit CPF Asset Managers Limited to launch an additional sub-fund, CPF Multi-Asset Special Fund, under its already established collective investment scheme umbrella. The sub-fund will offer investors a diversified portfolio, with exposure to private equity, private debt, offshore investments, selected regional markets, global markets, and other locally unlisted securities, while targeting long-term capital growth and sustainable income.
Additionally, Dyer and Blair Investment Bank Limited has been cleared to register more sub-funds under its existing unit trust, the Dyer and Blair Unit Trust Scheme. These include the Dyer and Blair Fixed Income Fund (USD), Dyer and Blair Multi-Asset Strategy Special Fund, and the Dyer and Blair Global Multi Asset Strategy Special Fund (USD).
CMA Deepens Capital Market
The approvals underscore the regulator’s efforts to enhance product diversity, improve access to professionally managed investment opportunities by investors and strengthen Kenya’s capital markets.
