The Capital Markets Authority (CMA) has approved a number of new fund managers and investment schemes, a move expected to widen investment options and grow Kenya’s capital markets.
In a statement issued in Nairobi on 12 February, CMA said the approvals were granted in line with the Capital Markets Act and existing regulations.
Among those cleared is Mema Asset Management Limited, which has received a fund manager licence. The firm is now authorised to offer professional investment management services to both local and international investors, including institutions and high-net-worth clients.
CMA also approved CPF Asset Managers Limited to introduce a new sub-fund under its Multi-Asset Special Fund. The open-ended fund will invest across different asset classes, including alternative investments, private equity, infrastructure and securities in Kenya, the region and global markets.
The regulator said the fund is designed to give investors more choice while spreading risk and targeting long-term growth.
In addition, Dyer & Blair Investment Bank has been allowed to register three new sub-funds under the Dyer & Blair Unit Trust Scheme. These are the Fixed Income Fund (USD) and two Global Multi-Strategy Special Funds in both Kenya shillings and US dollars.
CMA said the approvals are part of its efforts to deepen the capital markets, attract more investors and make professionally managed investments more accessible.
