CMA

CMA licenses six new firms to boost liquidity in Kenya’s capital markets

Samson NderiFebruary 16, 2026

The Capital Markets Authority (CMA) has announced the licensing of six new firms. The move spans multiple categories, including investment banking, stockbroking...

CMA upgrades oversight with new digital financial reporting platform

Samson NderiJanuary 14, 2026

The Capital Markets Authority (CMA) has officially rolled out a new online financial reporting system for all licensed market intermediaries. The transition, c...

ALP secures CMA approval for East Africa’s first industrial USD REIT

Samson NderiDecember 17, 2025

Africa Logistics Properties Holdings Limited (ALPH) has received formal approval from the Capital Markets Authority (CMA) to establish the ALP Industrial Real E...

CMA imposes Ksh. 10M fine on Ernst & Young over Uchumi Supermarkets rights issue

Samson NderiNovember 19, 2025

The Capital Markets Authority (CMA) has announced an enforcement action against Ernst & Young LLP (EY Kenya). The company served as the Reporting Accountant...

M-KOPA co-founder alleges “unfair and manipulated” share buyback targeting Kenyan employees

Samson NderiNovember 14, 2025

Chad Larson, M-KOPA co-founder and shareholder, has filed a formal complaint with the Capital Markets Authority (CMA). He alleges a deeply concerning and unfair...

Family Bank shareholders approve plan to list on the NSE

Zenia ObamoOctober 27, 2025

Family Bank shareholders have officially approved the Bank's plan to list on the Nairobi Securities Exchange (NSE). This decision marks a major step in the inst...

CMA licenses 4 new firms, approves multi-asset fund & Acorn REIT

Samson NderiSeptember 24, 2025

The Capital Markets Authority (CMA) has announced that it has granted four new licenses and approved several new investment products. These approvals, announced...

Savannah Clinkers’ Ksh. 25.4B counter bid for Bamburi Cement formally published

Grace MathekaSeptember 12, 2024

Bamburi Cement has formally confirmed receipt of a Ksh. 25.4 billion counter-offer from Savannah Clinker Ltd, a local building and construction solutions provid...

Nigerian fintech Rise acquires Kenyan investment startup, Hisa

Grace MathekaSeptember 12, 2024

Rise, a Nigerian fintech company, has acquired Hisa, an investment startup in Kenya. The acquisition was approved by Kenya’s Capital Markets Authority (CMA) and...

Savannah Clinker places Ksh. 25B counter bid on Bamburi against Tanzania’s Amsons Group

Grace MathekaAugust 30, 2024

Savannah Clinker Limited (SCL) has placed a counter-offer bid of Ksh. 25.4 billion to acquire up to 100% of the issued ordinary shares in listed cement company ...

Mi Vida Homes

Mi Vida Homes is now licensed to operate as a REIT Manager

Grace MathekaAugust 2, 2024

The Capital Markets Authority (CMA) has granted a license to Mi Vida Homes to operate as a Real Estate Investment Trusts (REITs) Manager. As a REIT Manager, Mi ...

Faulu Bank launches Money Market Fund with 16.32% annual interest

Grace MathekaJuly 23, 2024

Faulu Microfinance Bank has launched its Money Market Fund (MMF) in a bid to give its customers access to flexible and profitable investment opportunities. T...

CMA & KDC partner to help SMEs access loans in Kenya

James WamathaiSeptember 28, 2022

The Capital Markets Authority (CMA) and Kenya Development Corporation (KDC) have signed a Memorandum of Understanding (MoU) to help SMEs easily access financial...

TechnoServe launches program to increase fortified foods for Kenyan consumers

Samson NderiSeptember 12, 2022

TechnoServe has launched a program that aims to widen the variety of fortified foods, ensuring Kenyan consumers have access to nutritious meals. TechnoServe,...

Embu Coffee Farmers Marketing Agency receives coffee broker license from CMA

Staff WriterMay 9, 2022

The Embu Coffee Farmers Marketing Agency has received a license from the Capital Markets Authority (CMA) to operate as a coffee broker at the Nairobi Coffee Exc...

CMA gives go ahead for TransCentury Rights Issue

Staff WriterMay 9, 2022

The Capital Markets Authority (CMA) has given the go ahead for TransCentury Plc (TC) to undertake a rights issue. The rights will be issued on the basis of five...

Moneto ventures launches new Chumz platform to encourage saving amongst Kenyans

Grace MathekaFebruary 16, 2022

Kenyans can now invest as little as Ksh. 5 on their mobile phones. This is thanks to the new Chumz platform developed by Moneto Ventures in partnership with Nab...

CDSC receives approval from CMA to offer securities lending & borrowing service

Grace MathekaFebruary 16, 2022

The Central Depository and Settlement Corporation (CDSC) has received official approval from the Capital Markets Authority (CMA) to offer Securities Lending and...

CEO Fridays: Kwaku Foh on Sycamore Capital & the Cashlet App’s admission to the CMA Regulatory Sandbox

Grace MathekaFebruary 11, 2022

In January this year, the Capital Markets Authority (CMA) admitted Sycamore Capital, a fintech firm, to its Regulatory Sandbox. The admission is effective for 6...

Ndovu, a tech startup, launches in Kenya in a bid to provide users with easy access to global financial markets

Grace MathekaFebruary 2, 2022

Ndovu, a micro investment tech startup, has officially launched in Kenya. The startup was founded by Radhika Bhachu, Ro Nyangeri, and Gianpaolo De Biase. Availa...

CMA admits Sycamore Capital a fintech firm to its Regulatory Sandbox

Grace MathekaJanuary 19, 2022

The Capital Markets Authority (CMA) has admitted Sycamore Capital, a fintech firm, to its Regulatory Sandbox, effective for 6 months as from 10th January, 2022....

Hisa app to enable Kenyans to invest in US stocks & ETFs

Grace MathekaDecember 7, 2021

Hisa Technologies has unveiled the Hisa mobile app that allows anyone in Kenya to invest in US stocks and ETFs directly from their phones using mobile money. K...

CMA, NSE & KEPFIC sign MoU to support infrastructure investments via capital markets

Grace MathekaOctober 29, 2021

The Capital Markets Authority (CMA), Kenya Pension Funds Investment Consortium (KEPFIC) and the Nairobi Securities Exchange (NSE) have entered into an agreement...

Investors can now conduct day trading on the NSE

Grace MathekaOctober 27, 2021

The Nairobi Securities Exchange (NSE) has received approval from the Capital Markets Authority (CMA) to begin day trading. Investors on the NSE can now buy and ...

East African Cables records Ksh. 753 million loss for FY 2020

Grace MathekaOctober 13, 2021

East African Cables has posted a loss of Ksh. 753.2 Million at the end of the financial year ended 31st December, 2020. This is a sizable loss compared to a Net...

Nicholas Nesbitt appointed as Chair of the Capital Markets Authority

Grace MathekaOctober 11, 2021

Former General Manager of IBM Eastern Africa, Nicholas Nesbitt, has been appointed the new Chairman of Kenya's Capital Markets Authority (CMA). Nesbitt takes...

Cytonn Investments responds to CMA, says that the Authority should ‘cease and desist’ from defamatory remarks

Grace MathekaAugust 16, 2021

Cytonn Investments Company has responded to the Capital Markets Authority (CMA) CEO Wyckliffe Shamiah to “cease and desist from the publication of defamatory st...

CMA directs Cytonn Asset Managers to change its name and halt on boarding of clients

Grace MathekaAugust 7, 2021

The Capital Markets Authority (CMA) has directed Cytonn Asset Managers, to stop signing-up new clients until it changes the names of its business and its regula...

NMG has achieved 74% uptake of its share buy-back program

Grace MathekaJuly 20, 2021

Nation Media Group’s (NMG) share buy-back program has achieved 74.23% of the targeted 20,739,652 ordinary shares. This amount represents 10% of the company’s is...

CMA warns the public against investing in Cytonn Investments

Grace MathekaJune 18, 2021

The Capital Markets Authority (CMA) has cautioned potential investors against investing through unlicensed and unapproved entities. The regulator issued the cau...

Absa Kenya launches Asset Management subsidiary to enhance service delivery

Grace MathekaApril 14, 2021

Absa Bank Kenya has launched the Absa Asset Management Limited (AAML), a subsidiary of the bank aimed to offer fund and wealth management solutions for its cust...

APA Insurance wins Insurance category in the FiRe Awards 2020

Grace MathekaApril 4, 2021

APA Insurance has won the top prize in the insurance category in this year's Financial Reporting (FiRe) Awards 2020. The theme for the awards was Financial Repo...

Absa Bank donates Ksh. 2 million to support 1,000 families affected by COVID-19

Grace MathekaJanuary 25, 2021

Absa Bank Kenya has donated Ksh. 2 million in an initiative aimed at supporting over 1,000 vulnerable families affected by COVID-19. The initiative is in collab...

CMA allows listed companies to pay dividends without holding AGMs due to COVID-19

Samson NderiApril 4, 2020

The Capital Markets Authority (CMA) has announced that it will allow listed companies on the Nairobi Securities Exchange (NSE) to pay dividends without holding ...

CBK warns Kenyans on using unlicensed online forex dealers

Staff WriterAugust 16, 2019

The Central Bank of Kenya (CBK) has issued a notice warning Kenyans against using unlicensed online forex dealers. The regulator has said that these forex de...

CMA has approved the sale of KenolKobil to Rubis

James WamathaiJanuary 11, 2019

The Capital Markets Authority (CMA) has approved the sale of KenolKobil to Rubis Énergie SAS’. The cash offer has also been approved by the Competition Authorit...

Imperial Bank receivership saga puts spotlight on CBK and CMA

Richard MureithiOctober 15, 2015

The placing of Imperial Bank under receivership on Monday this week sent shock waves in the financial sector. This was due to the fact that no one expected it t...