Kenya’s Capital Markets Authority (CMA) has granted consent to Etica Capital Limited for the registration of the Etica Unit Funds.
The regulator has also has issued a license to Ingot Africa Limited to operate as a non-dealing Online Foreign Exchange Trading broker.
The approval of Ingot brings the number of licensed online forex trading brokers to eight.
The CMA Chief Executive Officer Mr. Wyckliffe Shamiah said, ‘‘The Authority encourages Kenyans interested in online forex trading to participate through the licensed online forex trading only to ensure they are protected. We continue to grow the pool of licensed entities due to the growing interest in online forex trading.’’
On the other hand, the Etica Unit Trust Funds approved include a money market fund, a fixed Income fund, a wealth fund, and a shariah fund.