CMA Approves Safaricom, Airtel Money, Capital.com as Forex Brokers

By
James Musoba
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Kenya’s Capital Markets Authority (CMA) has licensed Safaricom Plc and Airtel Money Kenya Limited as Intermediary Service Platform Providers (ISPPs), while Capital.com’s local unit, CC Kenya Securities Ltd, received approval as a Dealing Online Foreign Exchange Broker, marking a push to digitize the country’s trading ecosystem.

The approvals position Kenya’s mobile money giants to expand their reach into regulated capital markets, potentially giving millions of mobile subscribers easier access to online investments. As ISPPs, Safaricom and Airtel Money will facilitate account onboarding, trading, and market access for retail investors.

Capital.com, meanwhile, is authorized to operate as a principal and market maker in online forex, providing trading platforms, market information, account management, and daily reporting in line with the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017.

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CMA has now licensed 13 non-dealing online forex brokers, two dealing brokers, and three money managers, reflecting growing institutional interest in Kenya’s regulated online forex market. The regulator says the move is part of a broader strategy to modernize and digitize the financial sector, improve transparency, and strengthen investor protection.

 

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