The Capital Markets Authority (CMA) has granted regulatory approvals for three new fund managers and collective investment schemes, strengthening Kenya’s capital markets and expanding opportunities for investors.
In a statement dated February 12, the Capital Markets Authority confirmed that the approvals are in line with the Capital Markets Act and the country’s regulatory framework.
“The Capital Markets Authority (CMA) has approved several applications relating to the licensing of a fund manager and the registration of collective investment schemes, in accordance with the Capital Markets Act and the applicable regulatory framework,” the notice read in part.
Capital Markets Authority Approved Fund Managers and Schemes
In the notice issued on February 12, the Capital Markets Authority confirmed the following approvals.
- Mema Asset Management Limited received a license to provide investment management services to local and international investors, including institutional and high-net-worth clients.
The firm plans to leverage its expertise to offer professional fund management across Africa.
“The firm has been licensed to provide investment management services to local and international investors, including institutional and high net worth individuals, and intends to leverage its expertise and strategic networks to offer professional fund management services across the continent,” the capital markets authority noted.
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- CPF Asset Managers Limited was authorised to launch a new sub-fund under its existing scheme.
The CPF Multi-Asset Special Fund offers exposure to private equity, private debt, offshore investments, and other unlisted securities in Kenya, regional, and global markets.
- Dyer & Blair Investment Bank Limited gained approval for additional sub-funds under its Unit Trust Scheme. These include the Dyer & Blair Fixed Income Fund (USD) and the Dyer & Blair Global Multi Asset Strategy Special Funds (KES and USD).
These include the Dyer & Blair Fixed Income Fund (USD) and the Dyer & Blair Global Multi Asset Strategy Special Funds (KES and USD).
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“These approvals are part of the Authority’s ongoing efforts to deepen Kenya’s capital markets, enhance product diversity, and promote access to professionally managed investment opportunities for different categories of investors,” the authority stated.
CMA Approves 5 New Market Entrants to Operate in Kenya’s Capital Markets
Earlier on Wednesday, February 11, the Capital Markets Authority approved licences for five new financial companies to start offering services that help people and businesses invest their money.
One company, Rock Advisors, used to only give investment advice. It has now been upgraded and authorised to operate as a full investment bank, meaning it can offer additional services, including market research, investment management, and financial advice.
Another company, Green Margin Capital, was approved as a stockbroker. The company focuses on using technology to make it easier for ordinary Kenyans, including those living abroad, to invest in the stock market.
At the same time, Horizon Africa Capital has been licensed to offer investment advice, helping people and companies plan and grow their money through smarter investment options.
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