CMA Kenya Approves Mema Asset Management Fund Manager Licence and Four New Sub-Funds

CMA GRANTS REGULATORY APPROVALS FOR FUND MANAGEMENT AND COLLECTIVE INVESTMENT SCHEMES

Nairobi, 12 February 2026…… The Capital Markets Authority (CMA) has approved several applications relating to the licensing of a fund manager and the registration of collective investment schemes, in accordance with the Capital Markets Act and the applicable regulatory framework.

The Authority has granted Mema Asset Management Limited a fund manager licence. The firm has been licensed to provide investment management services to local and international investors, including institutional and high net worth individuals, and intends to leverage the its expertise and strategic networks to offer professional fund management services across the continent.

The Authority has also approved an application by CPF Asset Managers Limited to add an additional sub-fund under its existing umbrella collective investment scheme. The newly approved sub-fund, known as the CPF Multi-Asset Special Fund, is an open-ended fund designed to provide investors with exposure to a diversified portfolio of alternative investments, including private equity, private debt, offshore investments, and other unlisted securities within Kenya, selected regional markets, and global markets. The fund aims to offer diversification from traditional asset classes while targeting long-term capital growth and sustainable income.

In addition, the Authority has approved an application by Dyer & Blair Investment Bank Limited for the registration of additional sub-funds under the Dyer & Blair Unit Trust Scheme. The approved sub-funds are: 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 the Authority’s ongoing efforts to deepen Kenya’s capital markets, enhance product diversity, and promote access to professionally managed investment opportunities for different categories of investors.

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

CMA LICENSES NEW MARKET ENTRANTS TO DEEPEN AND DIVERSIFY KENYA’S CAPITAL MARKETS CMA and Afri Fund Capital sign MoU to support uptake of capital market products

Related Posts

Press Release

CMA Reports an Improved Governance Score for Issuers of Securities to the Public

Press Release

CMA and Afri Fund Capital sign MoU to support uptake of capital market products

Press Release

CMA LICENSES NEW MARKET ENTRANTS TO DEEPEN AND DIVERSIFY KENYA’S CAPITAL MARKETS