[Kenya] Capital Markets Authority approves three new firms as license holders

The Capital Markets Authority (CMA) has granted a license to Mi Vida Homes Limited to operate as a REIT Manager in a bid to deepen and develop the capital markets.

‘The newly licensed REIT Manager joins other licensees to facilitate the development of real estate infrastructure and thus support the national government agenda for affordable housing’, CMA CEO Wyckliffe Shamiah noted.  As a REIT Manager, the company will provide real estate management services in respect of a real estate investment trusts (REITs).

The Authority has also licensed Kingsland Court Trustee Services Limited as a corporate trustee and Mirova Sunfunder East Africa Limited as an investment adviser.

Simultaneously, Securities Africa Kenya Limited has been upgraded from a licensed stockbroker to investment bank. The licenses will remain in force unless otherwise suspended or revoked following the necessary due process.

www.cma.or.ke

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