The Capital Markets Authority(CMA) has granted approval to several firms across various license categories in  efforts to deepen and promote development of the capital markets.

The Authority Chief Executive Officer (CEO), Wyckliffe Shamiah, noted that the licenses align with the national government 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,” stated Shamiah CEO, CMA.

AKN Investments Limited has been granted approval as an Authorized Securities Dealer license from its prior Investment Advisor license, enabling it to expand its services to institutional investors while Moran Capital Management Limited has been licensed as an Investment Adviser to focus on private equity, stock trading, and unit trusts, among other areas.

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, specializing 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 while Givva Wealthtech Limited was licensed as an Intermediary Service Platform Provider, with a mission to foster financial inclusion through secure technological platforms offering licensed investment products.

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 Octagon Unit Trust Scheme, which comprises five sub-funds including 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 Limited has been granted a non-dealing online foreign exchange broker license. The firm is part of the TMGM Group, which also has operations through regulated businesses in Australia, New Zealand, and Mauritius.

The Authority further granted a Money Manager License to Store Poa Enterprise Limited, who are seeking to leverage their expertise in technology to provide comprehensive online trading solutions for individuals and businesses.