CMA Licenses Six New Investment Banking, Stockbroking, and Advisory Firms;
The Capital Markets Authority (CMA) has approved several new and upgraded licenses for firms seeking to operate in Kenya’s capital markets.
The approvals cover a mix of investment banks, stockbrokers, investment advisers and a platform provider, reflecting activity across multiple segments of the market value chain.
The CMA said the new and expanded licenses are expected to enhance product diversity, deepen market liquidity and increase investor choice.
The approvals come at a time when Kenya’s capital markets are seeking to attract broader domestic participation, including from retail, diaspora and institutional investors, amid ongoing efforts to strengthen regulatory oversight and improve market efficiency.
Rock Advisors Limited, previously licensed as an investment adviser, has been granted an investment bank license. The upgrade allows the firm to expand beyond advisory work into areas such as market research, wealth management, and proprietary trading. Read More
