CMA clarifies that Genghis Capital Limited is not under statutory management but directs the firm to conclude discussions on the unmet contractual obligations

Nairobi 11 March 2025… The Capital Markets Authority (CMA) would like to clarify that Genghis Capital Limited has not been placed under statutory management.

CMA notes that Genghis Capital Limited unmet contractual obligations to a third party remain outstanding and has consequently directed the firm to expedite resolution.

The operations of the Genghis Unit Trust Scheme are regulated under the Capital Markets (Collective Investment Schemes) Regulations 2023, which require that client assets are held by a custodian in segregated accounts from those of the firm. 

ENDS