The Capital Markets Authority (CMA) has issued new licences to six financial intermediaries and banks in Kenya to boost its capital markets, encourage innovation, and broaden access to investment services.

• Rock Advisors Limited upgraded its licence from an investment adviser to a licensed investment bank, expanding its service offerings.
• Green Margin Capital Limited was licensed as a stockbroker, aiming to serve various investor segments through research and innovation.
• Zamara Actuaries, Administrators and Consultants Limited and Arion Capital Limited, along with Horizon Africa Capital Limited, received investment adviser licences.
• I&M Capital Limited, a subsidiary of I&M Group PLC, was granted an Intermediary Service Platform Provider (ISPP) licence.
• CMA stated that these approvals will enhance market depth, diversity, investor choice, and confidence in Kenya's capital markets.