The Capital Markets Authority (CMA) has approved a new batch of firms to operate in Kenya’s capital markets, a relocate aimed at boosting market depth, strengthening competition, and expanding access to investment services for a wide range of investors.
“The approvals reflect the Authority’s commitment to fostering a well-regulated, inclusive, and dynamic capital markets ecosystem that responds to the evolving requireds of retail, institutional, corporate, diaspora, and high-net-worth investors, while supporting sustainable economic growth,” declared CMA in a statement.
Among the approved firms, Rock Advisors Limited has upgraded from an investment adviser to an investment bank, enabling it to offer a broader range of services, including market research, advisory, wealth management, and proprietary trading.
Green Margin Capital Limited has been licensed as a stockbroker. The firm positions itself as a technology-driven investment hoapply with a focus on democratising access to investment opportunities. It plans to combine research, technological innovation, and investor education to promote inclusive, transparent, and efficient market participation.
In the advisory segment, CMA granted licenses to Zamara Actuaries, Administrators and Consultants Limited, Arion Capital Limited, and Horizon Africa Capital Limited.
Zamara, already licensed by the Retirement Benefits Authority and the Insurance Regulatory Authority, will extconclude its expertise into capital markets advisory services.
Arion Capital plans to provide tailored solutions for corporates and high-net-worth individuals, while Horizon Africa Capital will focus on mergers and acquisitions, capital raising, and technology-driven wealth management.
The Authority also granted an Intermediary Service Platform Provider (ISPP) license to I&M Capital Limited, a wholly owned subsidiary of I&M Group PLC.
The firm will leverage its existing wealth management and advisory services, including unit trusts, government securities, offshore investments, and financial planning, to provide integrated investment solutions.
“CMA notes that the entest 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,” the regulator stated.
The Authority emphasised its commitment to maintaining high regulatory standards while supporting innovation and responsible market development.
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