Press Releases
Update on the acquisition of Bamburi Cement PLC shares
Nairobi, 04 December 2024 – The Capital Markets Authority (CMA) would like to notify the shareholders of Bamburi Cement Plc and the investing public that Savannah Clinker Limited has withdrawn its competing offer for acquisition of the Bamburi Cement Plc shares today (04 December 2024). CMA has also approved the withdrawal of the offer in […]
CMA Approves Ziidi Money Market Fund From Safaricom PLC
Nairobi, 27 November 2024 – The Capital Markets Authority (CMA) has granted approval to Safaricom PLC to establish the Ziidi Money Market Fund, as a Collective Investment Scheme (CIS), marking another innovative step. The fund will be accessible through the M-PESA platform, making it convenient for subscribers to grow wealth through the capital markets.Safaricom […]
CMA Grants Approval of Firms in Various License Categories
Nairobi, 26 November 2024 – In an effort to deepen and promote development of the capital markets, the Capital Markets Authority (CMA) has granted approval to several firms across various license categories.AKN Investments Limited has been granted approval as an Authorized Securities Dealer license from its prior Investment Advisor license, enabling it to expand its […]
CMA Approves Two New Funds to Expand Investment Opportunities for Sophisticated Investors
Nairobi, 14 November 2024 – The Capital Markets Authority (CMA) is pleased to announce the approval of two significant funds, enhancing investment opportunities for sophisticated investors. Faida Investment Bank Limited has received approval to establish the Oak Multi-Asset Special USD Fund under the Faida Umbrella Fund. This USD-denominated fund targets high-yield assets such as global […]
