A reference for Kenyan readers
What a payment leaves behind, what the CMA has published
Crypto-asset and 'double your money' offers reach Kenyans through mobile money and group chats. This site starts from the payment, not the promise: what a paybill or till identifies, what a reversal request can do, and where the Capital Markets Authority's public notices touch crypto and doublers.
CMA noticesPaybill basicsChama checks
How to approach this site
Start from the payment
A paybill or till number is a business identifier, not a licence.
Read the regulator's notices
The CMA publishes cautions about entities it has not licensed.
Check group promises
Each page explains one piece of the picture, in words without figures.A chama with known members and written rules is different from an online group run by strangers.
Five questions, answered in order
- CMA notices by dateThe documents on the CMA's Public Notice page, shown as dated rows.
- Virtual assets frameworkKenya's move towards rules for crypto-asset providers, and what to ask a venue.
- How doublers workWhy a partial payout to early members is part of the design.
- Paybill, till and reversalWhat a business number means, and what a reversal request can do.
- Chama and group investmentHow a genuine group differs from a strangers' chat promising returns.
Firms the CMA lists as fund managers, advisers, investment banks, securities dealers and brokers
Each row is a firm on the Capital Markets Authority's list of licensees, in one of the seven categories where a firm manages, advises on or deals in other people's money, with the licence number and the website the list gives. The list gives no date per licence. A name that is not here may sit in another category on the CMA's list.
| Licensee as the CMA lists it | Licence number and website | Category | Source |
|---|---|---|---|
| Fund manager | |||
| ABSA Asset Management Limited | licence no. 129 https://www.absabank.co.ke/corporate-and-investment/absa-asset-management/ | Fund manager | CMA ↗ |
| ADAR Asset Management Limited | licence no. 268 | Fund manager | CMA ↗ |
| African Alliance Kenya Asset Management Limited | licence no. 165 https://www.africanalliance.com/ | Fund manager | CMA ↗ |
| African Diaspora Asset Managers Limited | licence no. 131 https://www.adamcapital.co.ke/ | Fund manager | CMA ↗ |
| ALA Capital Limited | licence no. 185 | Fund manager | CMA ↗ |
| Altree Capital Kenya Limited | licence no. 110 https://altreecapital.com/altree-kenya-office.html | Fund manager | CMA ↗ |
| Amana Capital Limited | licence no. 024 https://www.amanacapital.co.ke/ | Fund manager | CMA ↗ |
| Apollo Asset Management Company Limited | licence no. 025 https://www.apainsurance.org/product_investment.php | Fund manager | CMA ↗ |
| Arvocap Asset Managers Limited | licence no. 190 | Fund manager | CMA ↗ |
| Britam Asset Managers (Kenya) Limited | licence no. 027 https://ke.britam.com/ | Fund manager | CMA ↗ |
| CFS Asset Management Limited | licence no. 134 https://ke.linkedin.com/company/cfs-asset-management-limited-kenya | Fund manager | CMA ↗ |
| CIC Asset Managers Limited | licence no. 030 https://cic.co.ke/asset-management/ | Fund manager | CMA ↗ |
| Co-op Trust Investment Services Limited | licence no. 031 https://www.co-opbank.co.ke/investing/co-op-trust-wealth-management-services/ | Fund manager | CMA ↗ |
| CPF Asset Managers | licence no. 164 https://www.cpfaminvest.com | Fund manager | CMA ↗ |
| Cytonn Asset Managers Limited | licence no. 108 https://cytonn.com/solutions/asset-managers | Fund manager | CMA ↗ |
| EDC Asset Management (Kenya) Limited | licence no. 234 | Fund manager | CMA ↗ |
| Entrust Advisory Limited | licence no. 269 | Fund manager | CMA ↗ |
| Etica Capital Limited | licence no. 171 https://eticacap.com/ | Fund manager | CMA ↗ |
| Everstrong Asset Management Limited | licence no. 270 | Fund manager | CMA ↗ |
| FCB Capital Limited | licence no. 032 | Fund manager | CMA ↗ |
| Fusion Investment Management Limited | licence no. 033 https://www.fusioninvestafrica.com/ | Fund manager | CMA ↗ |
| GenAfrica Asset Managers Limited | licence no. 034 https://genafrica.com/ | Fund manager | CMA ↗ |
| Globetec Asset Managers Limited | licence no. 154 | Fund manager | CMA ↗ |
| GTXN Investments Limited | licence no. 200 | Fund manager | CMA ↗ |
| Hass Crest Capital Limited | licence no. 278 | Fund manager | CMA ↗ |
| I&M Capital Limited | licence no. 145 https://www.imbankgroup.com/ke/investments/im-capital/ | Fund manager | CMA ↗ |
| ICEA Asset Lion Asset Management Limited | licence no. 035 https://ilamfahariireit.com/icea-lion-asset-management-ltd | Fund manager | CMA ↗ |
| Jubilee Financial Services Limited | licence no. 119 https://jubileeinsurance.com/ke/asset-management/ | Fund manager | CMA ↗ |
| Karsis Asset Managers Limited | licence no. 254 | Fund manager | CMA ↗ |
| KCB Asset Management Limited (formerly Natbank Trustee and Investment Services Limited) | licence no. 087 | Fund manager | CMA ↗ |
| Kenya Climate Ventures Limited | licence no. 232 | Fund manager | CMA ↗ |
| Kuza Asset Management Limited | licence no. 161 https://kuza.africa/ | Fund manager | CMA ↗ |
| Lofty-Corban Investments Limited | licence no. 180 | Fund manager | CMA ↗ |
| Madison Investment Managers Limited | licence no. 037 https://www.madison.co.ke/investmentmanagers/ | Fund manager | CMA ↗ |
| Mayfair Asset Managers Limited | licence no. 172 http://www.mayfairassetmanagement.com/ | Fund manager | CMA ↗ |
| Mema Asset Management Limited | licence no. 249 | Fund manager | CMA ↗ |
| Meridian Asset Management Limited | licence no. 226 | Fund manager | CMA ↗ |
| Metropolitan Canon Asset Managers Limited | licence no. 028 | Fund manager | CMA ↗ |
| MKM Capital Limited | licence no. 188 | Fund manager | CMA ↗ |
| Myxeno Investment Management Limited | licence no. 191 http://www.myxeno.com | Fund manager | CMA ↗ |
| Nabo Capital Limited | licence no. 029 https://www.nabocapital.com/ | Fund manager | CMA ↗ |
| Ndovu Wealth Limited | licence no. 169 https://ndovu.co/ | Fund manager | CMA ↗ |
| Old Mutual Investment Group | licence no. 038 https://www.oldmutual.co.ke/ | Fund manager | CMA ↗ |
| Orient Asset Managers Limited | licence no. 023 https://www.orientasset.co.ke/ | Fund manager | CMA ↗ |
| Sanlamallianz Investments Limited | licence no. 040 http://www.sanlam.co.za/investmentseastafrica/Pages/default.aspx | Fund manager | CMA ↗ |
| Spearhead Africa Asset Management Limited | licence no. 186 | Fund manager | CMA ↗ |
| Standard Chartered Investment Services Limited | licence no. 042 https://www.sc.com/ke/investments/ | Fund manager | CMA ↗ |
| Star Capital Management Limited | licence no. 166 https://www.starcapitalmanagement.net/ | Fund manager | CMA ↗ |
| Swala Capital Limited | licence no. 223 | Fund manager | CMA ↗ |
| The Kenyan Alliance Asset Management Company Limited | licence no. 220 | Fund manager | CMA ↗ |
| Tradiam Asset Managers Limited | licence no. 221 | Fund manager | CMA ↗ |
| Tradiam Investments Services Limited | licence no. 221 | Fund manager | CMA ↗ |
| VCG Asset Management Limited | licence no. 196 | Fund manager | CMA ↗ |
| Zimele Asset Management Company Limited | licence no. 045 https://www.zimele.co.ke/ | Fund manager | CMA ↗ |
| Investment adviser | |||
| AFG Wealth Kenya Limited | licence no. 124 https://www.afg-wealth.com/ | Investment adviser | CMA ↗ |
| Arion Capital Limited | licence no. 252 | Investment adviser | CMA ↗ |
| Ayesfield (Kenya) Limited | licence no. 104 | Investment adviser | CMA ↗ |
| Bora Capital Limited | licence no. 046 https://boracap.com/ | Investment adviser | CMA ↗ |
| CPF Capital and Advisory Limited | licence no. 217 | Investment adviser | CMA ↗ |
| Dealogic Africa Limited | licence no. 259 https://dealogicafrica.com/ | Investment adviser | CMA ↗ |
| Deloitte Financial Advisory Limited | licence no. 051 https://www.deloitte.com/an/en/services/financial-advisory.html | Investment adviser | CMA ↗ |
| Entrust Advisory Limited | licence no. 213 | Investment adviser | CMA ↗ |
| Finaltus Limited | licence no. 271 | Investment adviser | CMA ↗ |
| Horizon Africa Capital Limited | licence no. 247 https://www.horizonafrica.com/ | Investment adviser | CMA ↗ |
| Jalia Advisers & Intermediaries Limited | licence no. 239 | Investment adviser | CMA ↗ |
| Legatum Capital Advisory Limited | licence no. 229 | Investment adviser | CMA ↗ |
| Liaison Financial Services Limited | licence no. 095 https://www.liaisongroup.net/ | Investment adviser | CMA ↗ |
| Lifestyle Management Limited | licence no. 054 https://lsmplan.com/ | Investment adviser | CMA ↗ |
| Livonna Advisory Partners Ltd | licence no. 277 | Investment adviser | CMA ↗ |
| Mirova Sunfunder East Africa Limited | licence no. 204 | Investment adviser | CMA ↗ |
| Moran Capital Management Limited | licence no. 218 | Investment adviser | CMA ↗ |
| Price Water house Coopers Associates | licence no. 056 https://www.pwc.com/ke/en.html | Investment adviser | CMA ↗ |
| Prime limited | licence no. 194 | Investment adviser | CMA ↗ |
| Private Wealth Capital Limited | licence no. 147 https://privatewealth.co.ke/ | Investment adviser | CMA ↗ |
| Riscura Solutions (Kenya) Limited | licence no. 146 https://riscura.com/ | Investment adviser | CMA ↗ |
| Salus Wealth Management Limited | licence no. 174 http://www.salus-wealth.com | Investment adviser | CMA ↗ |
| SilverHouse Capital Limited | licence no. 237 | Investment adviser | CMA ↗ |
| Synesis Capital Limited | licence no. 112 https://www.synesis.co.ke/ | Investment adviser | CMA ↗ |
| The Profin Group Limited | licence no. 059 https://theprofingroup.com/ | Investment adviser | CMA ↗ |
| Tim Walsh Advisory Services | licence no. 201 | Investment adviser | CMA ↗ |
| Vedman Capital Limited | licence no. 177 https://vedmangroup.com/ | Investment adviser | CMA ↗ |
| Vepris Cap Limited | licence no. 255 | Investment adviser | CMA ↗ |
| Virtual Capital International Limited | licence no. 125 | Investment adviser | CMA ↗ |
| Waanzilishi Capital Limited | licence no. 148 https://ndovu.co/ | Investment adviser | CMA ↗ |
| Waugh McDonald Wealth Management Limited | licence no. 103 https://www.waughmcdonald.co.ke/ | Investment adviser | CMA ↗ |
| Zamara Actuaries, Administrators & Consultants Limited | licence no. 251 http://www.zamaragroup.com | Investment adviser | CMA ↗ |
| Investment bank | |||
| ABSA Securities Limited | licence no. 002 https://www.absabank.co.ke/personal/ | Investment bank | CMA ↗ |
| AIB-AXYS Africa Limited | licence no. 260 https://www.aib-axysafrica.com/ | Investment bank | CMA ↗ |
| Axys Investment Bank Limited | licence no. 260 | Investment bank | CMA ↗ |
| Capital A Investment Bank Limited (Formerly Securities Africa Kenya Limited) | licence no. 100 | Investment bank | CMA ↗ |
| Cinemark Investment Bank Limited | licence no. 264 http://www.cinemarkconsult.com/ | Investment bank | CMA ↗ |
| Dry Associates Limited (Trading as “Dry Associates Investment Bank”) | licence no. 114 https://www.dryassociates.com/about/ | Investment bank | CMA ↗ |
| Dyer and Blair Investment Bank Limited | licence no. 004 https://www.dyerandblair.com/ | Investment bank | CMA ↗ |
| Equity Investment Bank Limited | licence no. 005 https://equitygroupholdings.com/ke/investor-relations/ | Investment bank | CMA ↗ |
| Faida Investment Bank Limited | licence no. 006 https://fib.co.ke/ | Investment bank | CMA ↗ |
| Fintrust Securities Limited | licence no. 258 https://www.fintrustsecurities.co.ke/ | Investment bank | CMA ↗ |
| Genghis Capital Limited | licence no. 007 https://www.genghis-capital.com/ | Investment bank | CMA ↗ |
| Gulfcap Investment Bank Limited | licence no. 170 https://gcib.africa/ | Investment bank | CMA ↗ |
| Investcent Investment Bank Limited. | licence no. 187 https://www.investcent.co/ | Investment bank | CMA ↗ |
| KCB Investment Bank Limited (formerly KCB Capital Limited) | licence no. 008 https://ke.kcbgroup.com/for-you/investments | Investment bank | CMA ↗ |
| NCBA Investment Bank Limited | licence no. 009 | Investment bank | CMA ↗ |
| Pergamon Investment Bank Limited | licence no. 179 | Investment bank | CMA ↗ |
| Renaissance Capital (Kenya) Limited | licence no. 010 https://www.rencap.com/ | Investment bank | CMA ↗ |
| Rock Investment Bank Limited | licence no. 230 https://rib.co.ke/ | Investment bank | CMA ↗ |
| Salaam Investment Bank Kenya Limited | licence no. 115 https://salaaminvestments.com/ | Investment bank | CMA ↗ |
| SBG Securities Limited | licence no. 011 https://www.sbgsecurities.co.ke/sbgsecurities/securities | Investment bank | CMA ↗ |
| Standard Investment Bank | licence no. 012 https://www.sib.co.ke/mansa-x/ | Investment bank | CMA ↗ |
| Sterling Capital Limited | licence no. 021 https://sterlingib.com/ | Investment bank | CMA ↗ |
| Victoria Wealth Management Limited | licence no. 241 https://www.victoriabank.co.ke/ | Investment bank | CMA ↗ |
| Derivatives broker | |||
| AIB-AXYS Africa Limited | licence no. 119 https://www.aib-axysafrica.com/ | Derivatives broker | CMA ↗ |
| Dyer and Blair Investment Bank Limited | licence no. 128 https://www.dyerandblair.com/ | Derivatives broker | CMA ↗ |
| EGM Securities Limited (Trading as “FX Pesa”) | licence no. 120 https://www.fxpesa.com/ | Derivatives broker | CMA ↗ |
| Faida Investment Bank Limited | licence no. 121 https://fib.co.ke/ | Derivatives broker | CMA ↗ |
| Genghis Capital Limited | licence no. 122 https://www.genghis-capital.com/ | Derivatives broker | CMA ↗ |
| Kestrel Capital (East Africa) Limited | licence no. 130 https://www.kestrelcapital.com/ | Derivatives broker | CMA ↗ |
| Kingdom Securities Limited | licence no. 123 https://kingdomsecurities.co.ke/ | Derivatives broker | CMA ↗ |
| NCBA Investment Bank Limited | licence no. 127 | Derivatives broker | CMA ↗ |
| SBG Securities Limited | licence no. 129 https://www.sbgsecurities.co.ke/sbgsecurities/securities | Derivatives broker | CMA ↗ |
| SCFM Limited (Trading as “Scope Markets”) | licence no. 124 https://www.scopemarkets.co.ke/ | Derivatives broker | CMA ↗ |
| Standard Investment Bank Limited | licence no. 125 https://www.sib.co.ke/ | Derivatives broker | CMA ↗ |
| Sterling Capital Limited | licence no. 126 https://sterlingib.com/ | Derivatives broker | CMA ↗ |
| Stockbroker | |||
| ABC Capital | licence no. 013 https://www.abccapital.co.ke/ | Stockbroker | CMA ↗ |
| AIB-AXYS Africa Limited | licence no. 141 https://www.aib-axysafrica.com/ | Stockbroker | CMA ↗ |
| EFG Hermes Kenya Limited | licence no. 105 https://www.efghermes.com/en/kenya | Stockbroker | CMA ↗ |
| Francis Drummond and Company Limited | licence no. 016 https://drummond.co.ke/ | Stockbroker | CMA ↗ |
| Green Margin Capital Limited | licence no. 253 http://www.greenmargincapital.com | Stockbroker | CMA ↗ |
| Kestrel Capital (East Africa) Limited | licence no. 136 https://www.kestrelcapital.com/ | Stockbroker | CMA ↗ |
| Kingdom Securities Limited | licence no. 018 https://kingdomsecurities.co.ke/ | Stockbroker | CMA ↗ |
| OMNI MARCHE SECURITE (OMS) AFRICA LIMITED | licence no. 020 https://www.oldmutual.co.ke/ | Stockbroker | CMA ↗ |
| SPK Investment Services Limited | licence no. 176 | Stockbroker | CMA ↗ |
| Suntra Investments Limited | licence no. 022 https://suntra.co.ke/ | Stockbroker | CMA ↗ |
| Authorised securities dealer | |||
| AKN Investment Limited | licence no. 211 | Authorised securities dealer | CMA ↗ |
| Cinemark Consult Limited | licence no. 240 http://www.cinemarkconsult.com | Authorised securities dealer | CMA ↗ |
| Fintrust Securities Limited | licence no. 227 | Authorised securities dealer | CMA ↗ |
| Kingdom Securities Limited | licence no. 192 | Authorised securities dealer | CMA ↗ |
| Point Forty Investment Advisory Limited | licence no. 235 | Authorised securities dealer | CMA ↗ |
| Private Wealth Capital Limited | licence no. 167 https://privatewealth.co.ke/ | Authorised securities dealer | CMA ↗ |
| SBM Bank (Kenya) Limited | licence no. 122 https://www.sbmbank.co.ke/ | Authorised securities dealer | CMA ↗ |
| Standard Chartered (Kenya) Plc | licence no. 109 https://www.sc.com/ke/ | Authorised securities dealer | CMA ↗ |
| Forex money manager | |||
| Standard Investment Bank (Trading as “MANSA X”) | licence no. 116 https://www.sib.co.ke/mansa-x/ | Forex money manager | CMA ↗ |
| Store Poa Enterprise Limited | licence no. 214 https://www.spelmm.com/ | Forex money manager | CMA ↗ |
| Trade Sense Limited | licence no. 160 https://www.tradesense.co.ke/ | Forex money manager | CMA ↗ |
The account this site links to
A trading account, not a promise
This site links to an international broker's account. Opening one means agreeing to a client agreement and a risk warning. Read both before you sign anything.