Nairobi — The Capital Markets Authority (CMA) has licensed four new players in a move aimed at expanding the country's financial sector.
The new licensees are TPXM Global Kenya Limited, Point Forty Investment Advisory Limited, Silverhouse Capital Limited, and Enwealth Impact Debt Fund Limited.
TPXM Global Kenya Limited has been cleared to provide online trading services in foreign exchange, commodities, equities, and contracts for differences (CFDs) on underlying assets.
Point Forty Investment Advisory Limited will offer tailored investment solutions in government securities and listed equities on the Nairobi Securities Exchange, targeting institutional, high-net-worth, and retail investors.
The regulator has also approved Etica Capital Limited to register the Etica Special Multi-Asset Fund (KES) under its unit trust products.
Other approvals went to Acorn Build-to-Rent Development Real Estate Investment Trust (D-REIT) and Myxeno Investment Management Limited, broadening the investment options available to Kenyan investors.
The Acorn Build-to-Rent D-REIT, managed by Acorn Investment Management Limited, seeks to grow the affordable rental housing market by enabling investors to take part in large-scale, professionally managed rental property developments.