The Capital Markets Authority (CMA) has granted Co-operative Bank of Kenya a Corporate Trustee License, further strengthening Kenya’s capital markets by expanding the range of licensed market participants and service providers.
The CMA says Co-op Bank has extensive experience in the capital markets, serving as a licensed custodian, REIT Trustee, and a listed entity. It currently provides trustee services to several Real Estate Investment Trusts and unit trust schemes.
The CMA has also licensed Jalia Advisers & Intermediaries Limited as an Investment Adviser. The firm seeks to deliver well-researched, customized, and sustainable investment solutions, supporting wealth creation and financial inclusion across the country.
The Capital Markets Authority has also granted Fund Managers’ licenses to Kenya Climate Ventures Limited and EDC Asset Management (Kenya) Limited, further expanding the diversity and depth of Kenya’s asset management sector.
This brings the number of licensed fund managers to 47. This represents a growing interest in the pooled funds segment with assets under management in Collective Investment Schemes rising to Ksh596 billion as of 30 June 2025.
Kenya Climate Ventures Limited focuses on providing both financial and technical assistance to gender-inclusive, climate-smart enterprises. It aims to establish and manage specialized Climate Impact Funds to accelerate investments in projects that promote gender inclusivity, climate change adaptation, and mitigation.
EDC Asset Management (Kenya) Limited has been licensed to provide fund management, investment advisory, and segregated portfolio management services.
The approvals demonstrate CMA’s continuous efforts to broaden the diversity of licensed intermediaries, expand investment advisory services, and enhance governance in collective investment schemes, thereby contributing to the Authority’s mandate of developing, regulating, and protecting Kenya’s capital markets.