The Capital Markets Authority(CMA) has approved several firms across various license categories to deepen and promote the development of the capital markets.
According to CMA Chief Executive Officer (CEO) Wyckliffe Shamiah, the licenses align with the national government's agenda of enhancing the savings-to-GDP ratio.
“These licenses are key to aligning the capital markets with the national Government agenda of enhancing the savings to GDP ratio by offering Kenyans a broader range of investment opportunities in the capital markets.”
AKN Investments Limited has been approved for an Authorized Securities Dealer license from its prior Investment Advisor license, enabling it to expand its services to institutional investors.
On the other hand, Moran Capital Management Limited has been licensed as an Investment Adviser to focus on private equity, stock trading, and unit trusts, among other areas.
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Others that have been granted approval by the Authority include Future Construkt Investment Managers Limited, Givva Wealthtech Limited, and Entrust Advisory Limited, which was granted an Investment Adviser License and specializes in equities trading, fixed income, and business expansion advisory.
Future Construkt Investment Managers Limited has been approved as a REIT Manager to leverage its expertise in real estate advisory and development. At the same time, Givva Wealthtech Limited was licensed as an Intermediary Service Platform Provider.
CPF Financial Services, through its subsidiary CPF Capital and Advisory Limited has also been licensed both as a REIT Manager and Investment Adviser.
The REIT Manager license will enhance CPF’s presence in the real estate sector, building on its portfolio restructuring and feasibility services.
As an Investment Adviser, CPF will guide clients in managing risks and achieving growth through innovative financial solutions.
Octagon Pension Services Limited has been granted approval to operate as the Octagon Unit Trust Scheme, which comprises five sub-funds: the Octagon Money Market Fund, the Octagon Balanced Fund, the Octagon Fixed Income Fund, the Octagon Equity Fund, and the Octagon USD Dollar Money Market Fund.
Trademax Global Markets (KE) Pty Limited has been granted a non-dealing online foreign exchange broker license.
Similarly, the Authority granted a Money Manager License to Store Poa Enterprise Limited, who are seeking to leverage its expertise in technology to provide comprehensive online trading solutions for individuals and businesses.
