CMA Licenses New Fund Manager

Nairobi, 20 February 2025 – The Capital Markets Authority (CMA) has licensed Tradiam Investments Services Limited as a fund manager, increasing the total number of licensed fund managers in Kenya to forty three.

The CMA Chief Executive Officer, Mr. Wyckliffe Shamiah, observed that there has been substantial growth in the assets under management as collective investments schemes reaching over Ksh316 billion. This has driven the significant interest in fund management license category.”

Tradiam Investments Services will target both institutional and retail clients. For institutional clients, the target includes pension schemes, insurance companies, and corporates seeking portfolio management services, while the retail investors under consideration are individuals looking for investment opportunities through collective investment schemes

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