Kenya’s Capital Markets Authority (CMA) has approved licences for five new companies to operate in the country’s financial markets.
In a notice dated February 11, CMA said the move aims to give Kenyans more choices on where and how to invest their money, while also making investment services easier to access, more innovative, and more competitive.
New Firms Enter Kenya’s Financial Market
The newly licensed companies are Rock Advisors Limited, Green Margin Capital Limited, Horizon Africa Capital Limited, Zamara Actuaries and Administrators, and I&M Capital.
These firms are now cleared to offer services such as stockbroking, investment advice, and wealth‑management support to both new and experienced investors.
“The approvals reflect the Authority’s commitment to fostering a well-regulated, inclusive and dynamic capital markets ecosystem that responds to the evolving needs of retail, institutional, corporate, diaspora and high-net worth investors while supporting sustainable economic growth,” read the notice.
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Expanded Services for Investors
Rock Advisors has moved from being a basic investment adviser to becoming a fully licensed investment bank. This allows the firm to offer more advanced services, such as market research, advisory support, and portfolio management.
Green Margin Capital has entered the market as a technology-driven stockbroker aiming to make investing easier for everyday Kenyans, including those living abroad.
Horizon Africa Capital and Zamara will provide more specialized financial advice, help people and businesses plan and grow their money. On its part, I&M Capital will add more investment options to its platform, including unit trusts, offshore investments, and government securities.
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How the New CMA Approvals Benefit Everyday Kenyans
For everyday Kenyans, the approval of these new firms means a friendlier and more accessible investment environment. With more companies offering investment services, people will have more options and easier access to financial advice when making investment decisions.
Technology-driven platforms will also offer better digital tools that make investing simpler, whether someone is just starting out or already experienced.
“The entry and expansion of these intermediaries will contribute to increased market depth, improved product diversity, enhanced investor choice, and strengthened confidence in Kenya’s capital markets,” read part of the notice.
About the Capital Markets Authority (CMA)
The Capital Markets Authority (CMA) is Kenya’s main financial markets regulator. It was established under the Capital Markets Act, Cap 485A, to supervise, license, and monitor the activities of companies that operate in the capital markets.
This includes stockbrokers, investment banks, fund managers, the Nairobi Securities Exchange (NSE), and the Central Depository and Settlement Corporation (CDSC).
Its role is to protect investors, ensure financial companies follow the rules, promote investor education, and support innovation to help the market grow.
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