The Kenya Capital Markets Authority approved several licence applications for market intermediaries, including a new stockbroker, multiple investment advisers and an intermediary service platform provider, and upgraded Rock Advisors Limited to operate as an investment bank, aimed at expanding access to investment services across retail, institutional, corporate, diaspora and high-net-worth investor segments. Rock Advisors Limited, previously licensed as an investment adviser, was licensed as an investment bank and will offer market research, advisory services, wealth management and proprietary trading. Green Margin Capital Limited was licensed as a stockbroker. Investment adviser licences were granted to Zamara Actuaries, Administrators and Consultants Limited, Arion Capital Limited, and Horizon Africa Capital Limited, while I&M Capital Limited, a wholly owned subsidiary of I&M Group PLC and an already licensed fund manager, received an intermediary service platform provider (ISPP) licence to build on its existing wealth management and advisory offerings, including unit trusts, government securities, offshore investments and financial planning services.
Kenya Capital Markets Authority 2026-02-11
Kenya Capital Markets Authority licenses new intermediaries including Rock Advisors as an investment bank and I&M Capital as an ISPP
The Kenya Capital Markets Authority approved several licence applications, including licensing Rock Advisors Limited as an investment bank and Green Margin Capital Limited as a stockbroker. Investment adviser licences were granted to Zamara Actuaries, Administrators and Consultants Limited, Arion Capital Limited, and Horizon Africa Capital Limited. I&M Capital Limited received an intermediary service platform provider licence to enhance its wealth management services.