Nairobi, July 7 -- The Capital Markets Authority (CMA) has licensed more players in the investment advisory and management field as a rise in retail investors attracts more firms seeking fees.

The regulator has licensed the new firms and sub-funds across asset management, investment advisory, real estate investment trust (REIT) management, coffee brokerage and digital intermediation.

"The entry and expansion of these intermediaries will contribute to increased market depth, improved product diversity, enhanced investor choice and strengthened confidence in Kenya's capital markets," said CMA's chief executive officer, Wyckliffe Shamiah.

Among the newly licensed market intermediaries include Finaltus Limited, which received an investment...