By Linet masinde/reporter
The Capital Markets Authority (CMA) has approved several firms to operate as market intermediaries in a move aimed at deepening Kenya’s capital markets, promoting innovation, and expanding access to investment services.
In a statement issued on Wednesday, February 11, 2026, the Authority said the approvals are part of its broader strategy to enhance efficiency, inclusion, and investor confidence within the country’s financial ecosystem.“The approvals reflect the Authority’s commitment to fostering a well-regulated, inclusive, and dynamic capital markets ecosystem that responds to the evolving needs of retail, institutional, corporate, diaspora, and high-net-worth investors, while supporting sustainable economic growth,” CMA announced.
Rock Advisors UpgradedAmong the firms granted approval is Rock Advisors Limited, which has successfully upgraded from an Investment Advisory licence to a full Investment Bank licence.
With the new status, Rock Advisors will now expand its service offering to include:Market research and financial advisory servicesWealth and asset managementCorporate finance solutionsProprietary trading.
The upgrade positions the firm to play a more significant role in facilitating capital formation and supporting both public and private sector investment initiatives.Strengthening Kenya’s Financial HubThe latest approvals underscore CMA’s continued efforts to:Enhance regulatory oversightEncourage financial innovation.
Attract diaspora and foreign investorsStrengthen Kenya’s position as a regional financial hubIndustry analysts note that expanding the number and capacity of licensed intermediaries is key to increasing liquidity and broadening participation at the Nairobi Securities Exchange (NSE) and across alternative investment platforms.
As Kenya seeks sustainable economic growth, the Authority’s move signals confidence in the resilience and long-term potential of the country’s capital markets.
