CMA Licenses Two New Investment Advisors to Broaden Market Access
Nairobi 16 July 2025…… The Capital Markets Authority (CMA) has granted licenses to two investment advisory firms, reinforcing its commitment to deepen investor access to professional financial services and promote informed investment decisions in Kenya’s capital markets.
Rock Advisors Limited has been licensed as an investment advisor, with a focus on providing responsible and tailored financial advice to institutional clients across the country. The firm aims to support strategic investment planning and enhance portfolio management practices for its clients.
In addition, the Authority has licensed Legatum Capital Advisory Limited as an investment advisor. The firm intends to offer a diverse range of investment advisory services to clients, promoting capital preservation, wealth creation and sustainable investment practices.
These approvals are in line with CMA’s regulatory mandate to ensure a robust, fair, and transparent financial advisory framework that enhances investor protection and confidence.
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BACKGROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY
The Capital Markets Authority (CMA) was set up in 1989 as a statutory agency under the Capital Markets Act Cap 485A. It is charged with the prime responsibility of both regulating and developing an orderly, fair, and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence. CMA also regulates the commodity markets and online forex trading. The regulatory functions of the Authority as provided by the Act and the regulations include; Licensing and supervising all the capital market intermediaries; Ensuring compliance with the legal and regulatory framework by all market participants; Regulating public offers of securities, such as equities and bonds & the issuance of other capital market products such as collective investment schemes; Promoting market development through research on new products and services; Reviewing the legal framework to respond to market dynamics; Promoting investor education and public awareness; and Protecting investors’ interest. For more information, please contact: Antony Mwangi, Manager Corporate Affairs & International Relations on amwangi@cma.or.ke
