Kenya capital markets regulator CMA licensed 13 firms and schemes and 26 sub-funds, adding a Shariah-compliant REIT manager and payroll-based investing.

The licensing drive extended to the asset management industry, where CMA approved three new fund managers.

Kenya capital markets regulator CMA licensed 13 firms and schemes and 26 sub-funds, adding a Shariah-compliant REIT manager and payroll-based investing.