The Capital Markets Authority (CMA) has granted approvals to several market players for the establishment of new collective investment schemes and sub-funds.
In a statement on July 14, CMA said the move is aimed at deepening Kenya’s capital markets and enhancing product diversity for investors.
Sanlam Investments East Africa has received approval to establish a new sub-fund under its existing structure, the Sanlam Special GBP Fixed Income Fund.
This unit portfolio will be denominated in Great Britain Pounds (GBP), providing investors with exposure to fixed-income securities in foreign currency.
In a separate development, ALA Capital Limited has been approved to register the ALA Capital Collective Investment Scheme (ALA CIS).
This comprises of six sub-funds: ALA Balanced Fund, ALA Multi-Asset Special Fund, ALA Equity Fund, ALA Fixed Income (KSH) Fund, ALA Money Market Fund (USD), ALA Money Market Fund (KSH).
Additionally, VCG Asset Management Limited has received approval to register three funds under the VCG Offshore Opportunities Special Funds umbrella.
These include VCG Offshore Money Market Fund (KSH), VCG Offshore Money Market Special Fund (USD), VCG Offshore Fixed Income Special Fund (KSH).
CMA CEO Statement on the Approvals
The CMA Chief Executive Officer (CEO), FCPA Wyckliffe Shamiah, welcomed the approvals, noting the continued growth in demand for collective investment schemes, which have now surpassed Ksh. 500 billion in total assets under management.
“These approvals reflect growing investor confidence and increased appetite for diversified investment options, including foreign currency-denominated and offshore funds,” Shamiah said.
Shamiah stated that the Authority remains committed to supporting the development of innovative capital markets products that enhance investor choice and contribute to economic growth.
Capital Markets Authority License 3 New Corporate Trustees
This comes after the CMA licensed three new corporate trustees in May 2025 to support the growing Collective Investment Schemes (CIS) market in Kenya.
CMA said the trustees will provide oversight for investment vehicles such as unit trusts, mutual funds, and other collective investment structures.
The licensed entities included MTC Trust & Corporate Services Limited, Standard Chartered Bank Kenya and NCBA Group Plc.
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MTC Trust & Corporate Services Limited offers a broad range of fiduciary and trustee services to private entities.
The firm also provides security trustee services and manages specialised structures.
Besides, Standard Chartered Bank Kenya expanded into corporate trustee services.
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The bank has been a major player in custody services since 2010 and holds the largest market share in that segment.
CMA licensed NCBA Group Plc to offer corporate trustee services as part of its broader custody solutions.
The Authority said NCBA Group Plc aims to deepen its investment services offering by incorporating CIS trustee functions into its portfolio.
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