CMA Issues Four New Licenses to Deepen Capital Markets
Nairobi, 23 September 2025 — The Capital Markets Authority (CMA) has granted four new licenses to deepen the capital markets, further diversifying players in Kenya’s capital markets.
CMA has licensed TPXM Global Kenya Limited as a non-dealing Online Foreign Exchange Broker; Point Forty Investment Advisory Limited as an Authorised Securities Dealer (ASD); Silverhouse Capital Limited as an Investment Adviser; and Enwealth Impact Debt Fund Limited as an Alternative Investment Fund (AIF).
TPXM Global Kenya Limited has been licensed to provide online trading services in foreign exchange, commodities, equities, and contracts for differences (CFDs) on underlying assets.
As an ASD, Point Forty Investment Advisory Limited will provide bespoke investment solutions across Government securities (Treasury bonds and bills) and listed equities on the Nairobi Securities Exchange targeting institutional, high-net-worth, and retail investors.
Etica Capital Limited, a licensed Fund Manager, has been granted approval to register the Etica Special Multi-Asset Fund (KES) under the Etica Unit Trust Funds.
The Authority has also approved applications from Etica Capital Limited, Acorn Build-to-Rent Development Real Estate Investment Trust (D-REIT), and Myxeno Investment Management Limited, reinforcing its commitment to broadening investment products available to Kenyan investors.
CMA has also granted authorization to Acorn Build-To-Rent Development Real Estate Investment Trust (REIT). The REIT, managed by Acorn Investment Management Limited, is designed to expand Kenya’s affordable rental housing market, enabling investors to participate in large-scale, professionally managed rental property developments.
The Authority reiterates its dedication to promoting robust regulatory oversight while encouraging innovation and new market entrants that strengthen investor protection and contribute to the growth of Kenya’s financial sector.
ENDS
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
