The Capital Markets Authority (CMA) has approved four new licenses, a move that deepens Kenya’s capital markets and enhances transparency.
Africa Logistics Properties Limited (ALP) received a license to operate as a Real Estate Investment Trust (REIT) manager. ALP has operated in Kenya since 2016, developing modern industrial and warehousing parks in Nairobi and across East Africa. The license allows the REIT to facilitate investment in Kenya’s fast-growing logistics and industrial real estate sector.
The Authority also licensed Cinemark Consult Limited as an Authorised Securities Dealer (ASD). Cinemark aims to serve marginalized market segments such as retail investors, diaspora clients, and high-net-worth individuals. This move underscores the regulator’s commitment to boosting financial inclusion in Kenya.
Under the Capital Markets (Coffee Exchange) Regulations, 2020, CMA granted a Coffee Broker License to Wareng Coffee Marketing Agency Limited, a company owned by the Uasin Gishu Coffee Farmers’ Co-operative Union Limited. Wareng Coffee will trade coffee on behalf of Uasin Gishu farmers, improving value chain efficiency and ensuring transparency in coffee trading.
Additionally, CMA licensed Victoria Wealth Management Limited as a Wealth Manager. The company will offer wealth management services, including treasury bond and bill trading, access to unit trusts through partnerships with licensed fund managers, offshore open-ended funds, and portfolio management. Victoria Wealth Management aims to expand investment accessibility and enhance client service in Kenya’s dynamic financial sector, targeting high-net-worth individuals and corporate investors.
CMA CEO Remarks on Approvals
Speaking on the approvals, CMA Chief Executive Officer, FCPA Wyckliffe Shamiah, reaffirmed the regulator’s commitment to facilitating innovation, diversification, and the deepening of Kenya’s capital markets. He noted that the approval of the new licenses reflects CMA’s focus on enabling new products and participants to expand access to investment opportunities, enhance transparency, and strengthen investor confidence.
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