NAIROBI, Kenya — The Capital Markets Authority (CMA) has granted regulatory approvals for fund management and collective investment schemes, marking a significant step in the expansion of Kenya’s capital markets.
Mema Asset Management Limited has received a fund manager license, enabling it to offer investment management services to both local and international investors, including institutional clients and high-net-worth individuals. The firm plans to leverage its expertise to provide professional fund management services across Africa.
Additionally, CPF Asset Managers Limited has been approved to add a new sub-fund under its existing umbrella collective investment scheme.
The CPF Multi-Asset Special Fund is an open-ended fund that provides investors with exposure to a diversified portfolio of alternative investments, including private equity, private debt, offshore holdings, and other unlisted securities across Kenya, regional markets, and globally.
The fund targets long-term capital growth and sustainable income while offering diversification from traditional assets.
The CMA also approved Dyer & Blair Investment Bank Limited to register additional sub-funds under its unit trust scheme. The new sub-funds include the Dyer & Blair Fixed Income Fund (USD), Dyer & Blair Global Multi Asset Strategy Special Fund (KES), and Dyer & Blair Global Multi Asset Strategy Special Fund (USD).
These approvals are part of CMA’s ongoing efforts to deepen Kenya’s capital markets, enhance product diversity, and improve access to professionally managed investment opportunities for a broad spectrum of investors.
The Authority emphasized that expanding the range of investment products strengthens Kenya’s position as a competitive regional financial hub while providing investors with more options for growth and diversification.
