CMA LICENSES THREE NEW FUND MANAGERS TO EXPAND ASSET MANAGEMENT CAPACITY IN KENYA

Nairobi, 06 July 2026…… The Capital Markets Authority (CMA) has licensed three Fund Managers as part of its ongoing efforts to deepen Kenya’s capital markets, enhance innovation and expand access to professional asset management services across retail, institutional, corporate, diaspora and high-net-worth investor segments.

The licenses reflect the Authority’s commitment to fostering a well-regulated, inclusive and dynamic capital markets ecosystem, and are expected to broaden the range of fund management strategies available to Kenyan investors, from alternative offshore-linked funds to infrastructure-focused vehicles and locally structured unit trust portfolios.

Among the firms licensed is ADAR Asset Management Limited. The firm intends to structure, launch and manage closed-end collective investment schemes offering Kenyan investors institutional-grade access to alternative global markets, beginning with real estate-linked credit opportunities. Its business model emphasises a sequenced fund launch platform, disciplined risk management and full regulatory compliance, with each fund managed independently over its lifecycle.

The Authority has also licensed Entrust Advisory Limited, previously licensed as an Investment Adviser. The upgrade will enable the firm to create, preserve and grow wealth for its clients through a broader suite of investment management products and services, leveraging technology for product innovation and applying scalable investment management structures to deliver professional performance and value.