The Capital Markets Authority (CMA) has announced that Assets Under Management (AUM) for Collective Investment Schemes (CIS) have now exceeded KSh 400 billion, marking a sevenfold increase in under a decade.
- •In 2016, Kenya’s AUM stood at KSh 57 billion before rising to KSh 76 billion in 2019, and KSh 389 billion in 2025. Fast forward to 2024, and the figure has hit KSh 389 billion.
- •At the same time, CMA licensed two new fund managers—Meridian Asset Management and Swala Capital Limited-bringing the total number of licensed fund managers to 45.
- •CMA also approved Ndovu Wealth Limited to launch two special multi-asset funds—one in KES, another in USD-which will fall under the Taifa Unit Trust umbrella.
According to CMA CEO FCPA Wyckliffe Shamiah, the AUM milestone reflects rising investor trust in regulated fund managers. It also demonstrates the increasing importance of capital markets in Kenya’s financial inclusion and economic development.
“This is a significant milestone,” he said. “It shows confidence in regulated investment and the role of fund managers in economic transformation.”
