CMA Approves Multiple Firms to Enhance Kenya’s Financial Markets

Photo: Bussinessquest

The Capital Markets Authority (CMA) has granted licenses to various firms across several categories to support the growth and development of Kenya’s financial sector.

Among the approved firms is CPF Financial Services, which received dual licensing as a REIT Manager and Investment Adviser. This approval enables CPF to enhance its presence in the real estate sector by offering portfolio restructuring, feasibility services, and risk management solutions for its clients.

The CMA Chief Executive Officer, Mr. Wyckliffe Shamiah, emphasized the importance of these licenses in expanding investment opportunities and aligning with the government’s agenda to enhance savings and GDP growth.

Other approvals include:

• AKN Investments Limited, licensed as an Authorized Securities Dealer, to broaden institutional investor services.

• Moran Capital Management Limited, approved as an Investment Adviser focusing on private equity, unit trusts, and stock trading.

• Future Construct Investment Managers Limited, licensed as a REIT Manager for real estate advisory and development.

• Store Poa Enterprise Limited, granted a Money Manager License for advanced online trading solutions.

• Entrust Advisory Limited: Granted an Investment Adviser license to offer services in equities trading, fixed income, and business expansion advisory.

• Giwa Wealthtech Limited: Licensed as an Intermediary Service Platform Provider, focusing on financial inclusion through secure technological platforms.

• Octagon Pension Services Limited: Approved to operate the Octagon Unit Trust Scheme, comprising five funds: Octagon Money Market Fund, Octagon Balanced Fund, Octagon Fixed Income Fund, Octagon Equity Fund, and Octagon USD Dollar Money Market Fund.

• Trademax Global Markets (KE) Pty Ltd: Granted a non-dealing online foreign exchange broker license as part of the TMGM Group.

These approvals reflect CMA’s commitment to promoting financial inclusion, innovation, and investor confidence in Kenya's financial markets.