The Capital Markets Authority (CMA) has licensed six firms as market intermediaries, in line with its efforts to strengthen Kenya’s capital markets, enhance innovation, and broaden the accessibility of investment services in various investor segments.
The Authority licensed Rock Advisors Limited as an investment Bank, allowing it to offer services including market research, advisory services, wealth management, and proprietary trading. Prior to the approval, Rock Advisors operated as an investment adviser, regulated by the CMA.
The CMA also licensed Green Margin Capital, a technology driven investment firm, as a stockbroker. Green Margin seeks to support inclusive, transparent, and efficient market participation across all investor segments, through quality research, technological innovation and investor education.
Further, the regulator approved Zamara Actuaries, Administrators and Consultants Limited, Arion Capital Limited and Horizon Africa Capital Limited as investment advisers. Zamara is expected to extend its actuarial consulting, pension administration, insurance brokerage and financial planning services into the capital markets. Arion Capital will offer advisory services to both corporate and high-net-worth individual investors, aligning investment models with financial returns as well as social and environmental objectives. Horizon Africa Capital is looking forward to being instrumental in mobilizing savings into productive investments through technological and innovative wealth management solutions.
Additionally, the CMA licensed I&M Capital Limited, a wholly owned subsidiary of I&M Group PLC as an Intermediary Service Platform Provider (ISPP), reinforcing its position as a leading fund manager under the Authority’s regulatory framework.
CMA Approvals Signal Commitment to Market Growth
The approval of the new market entrants underscores the regulator’s commitment to fostering a well-regulated, inclusive and adaptive capital markets environment that adjusts to the needs of investors from time to time, while supporting economic growth.
The new players are expected to be instrumental in deepening the market, improving product diversity and investor choice, while boosting confidence in Kenya’s capital markets.
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