Etica Capital's Multi-Asset Fund, Acorn Build-to-Rent REIT, Get CMA Approval

The Capital Markets Authority (CMA) has granted four new licenses to broaden intermediaries in Kenya’s capital markets, coming a day after earlier approvals.

• •The regulator licensed TPXM Global Kenya Limited as a non-dealing Online Foreign Exchange Broker, and Point Forty Investment Advisory Limited as an Authorised Securities Dealer (ASD).
• •It also licensed Silverhouse Capital Limited as an Investment Adviser, and Enwealth Impact Debt Fund Limited as an Alternative Investment Fund (AIF).
• •Additional approvals were granted to Acorn Build-to-Rent Development REIT, managed by Acorn Investment Management, and Myxeno Investment Management Limited.

CMA also approved Etica Capital Limited to register the Etica Special Multi-Asset Fund (KES) under its unit trust platform.

TPXM Global will provide online trading in foreign exchange, commodities, equities, and contracts for differences (CFDs). Point Forty will target institutional, high-net-worth, and retail investors with bespoke solutions in government securities and listed equities.

Silverhouse Capital strengthens the advisory segment, while Enwealth Impact Debt Fund adds depth as a new pooled investment vehicle. The Acorn REIT will expand affordable rental housing, giving investors exposure to large-scale property developments.