The Capital Markets Authority (CMA) has granted approval to several firms across various license categories in a bit to deepen and promote development of the capital markets.

CMA granted AKN Investments Limited a license to operate as an authorized securities dealer from its prior investment advisor license, enabling it to expand its services to institutional investors.

Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), a strategy advisory and asset management firm, was also granted the coveted Real Estate Investment Trust (REIT) Manager License paving the way for the firm to mobilize institutional capital.

“With Kenya’s improving macroeconomic environment—characterized by rising GDP, declining inflation, and falling interest rates—REITs offer a compelling avenue for inflation-hedged income generation and capital appreciation,” remarked Paul Kavuma, founder and CEO of Construkt Africa.

Stock trading

The regulator also tapped Moran Capital Management Limited with a license to operate as an investment adviser focusing on private equity, stock trading, and unit trusts.

Further Entrust Advisory Limited was granted an Investment Adviser License, specializing in equities trading, fixed income, and business expansion advisory.

Givva Wealthtech Limited was licensed as an Intermediary Service Platform Provider to foster financial inclusion through secure technological platforms offering licensed investment products.

“These licenses are key to aligning the capital markets with the national Government agenda of enhancing the savings to GDP ratio by offering Kenyans a broader range of investment opportunities in the capital markets.” said CMA chief executive, Wyckliffe Shamiah.