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Retail FX

Admirals Secures Kenyan License, Plans Takeover in Seychelles

  • Admirals obtained a South African license six months ago.
  • The firm's Cypriot and South African subsidiaries are involved in the Seychelles takeover.
by Solomon Oladipupo
Brokers

INGOT Brokers Expands African Presence with New Kenya License

  • It received a South African license recently.
  • Only a handful of FX/CFDs brokers are licensed in Kenya.
by Arnab Shome
CryptoCurrency

Kenya Debates New Crypto Tax Bill

  • Kenya's Digital Service Tax became effective in January 2021.
  • UNCTAD recently called for comprehensive financial regulation among developing countries.
by Solomon Oladipupo
Thought Leaders

Virtual Pay International Limited Obtains License from the Central Bank of Kenya (CBK)

  • Virtual Pay's objective is to play a pivotal role in the growth of the financial sector.
by FM
Brokers

Exclusive: Exness Expands African Footprint with New Kenya License

  • It became one of the few brokers to obtain the CMA license.
  • It came as a part of the broker’s expansion plan in sub-Saharan Africa.
by Arnab Shome
News

Central Bank of Kenya Releases Discussion Paper on CBDCs

  • CBK highlighted the growing popularity of digital payment methods.
  • The Bank also discussed potential benefits and risks associated with CBDCs.
by Bilal Jafar
Brokers

EGM Securities Collaborates with Investment Bank Sterling Capital

  • The new partnership will provide global trading opportunities for Kenyans.
by Bilal Jafar
Thought Leaders

SuperForex Solidifies Market Footprint in Kenya

  • SuperForex offers a wide scope of trading instruments to help its customers make different portfolios.
by Finance Magnates Staff
Analysis

Africa – The Land of Future Opportunities?

  • Although not fully regulated, Africa is growing in size on the map of FX/CFD brokers.
by Sylwester Majewski
Regulation

Kenya’s Regulator Warns on Investing through Unlicensed Entities

  • The CMA reminded people to report any financial wrongdoing to the Capital Markets Fraud Investigation Unit (CMFIU).
by Felipe Erazo
Brokers

Equiti Group’s Subsidiary EGM Securities to Offer NSE Derivatives

  • EGM Securities is the first Kenyan broker to offer derivative contracts on the Nairobi Securities Exchange (NSE).
by Bilal Jafar
Thought Leaders

Report on State of Kenya's Online Forex Trading Industry in 2021

  • More traders are gaining trust in the forex trading industry as they can now visit brokerage offices in Kenya.
by Finance Magnates Staff
Brokers

Andrey Dashin’s Exinity Brand Gets FX Broker License in Kenya

  • Exinity is the fourth Non-Dealing Online FX Broker to be licensed by the CMA under the new regulations.
by Aziz Abdel-Qader
Brokers

Pepperstone Launches Forex Trading Services in Kenya

  • The Kenyan regulator only approves three brokerages.
by Arnab Shome
Regulation

Kenyan Regulator Bans Unlicensed Brokers from Using M-Pesa

  • The move came after multiple warnings to the unlicensed entities to cease and desist operations.
by Arnab Shome
Brokers

Exclusive: Genghis Capital Taps EGM Securities for Services Expansion

  • This mutually beneficial deal will help EGM to expand its client base.
by Arnab Shome
Brokers

Kenya’s CMA Warns Against Using Unlicensed FX Brokers

  • EGM Securities, the first broker in Kenya, will continue to support its community.
by Celeste Skinner
Brokers

Exclusive: Scope Markets Officially Launches in Kenya

  • The FX and CFD broker is the second to secure a licence in Kenya.
by Celeste Skinner
Regulation

Kenyan Regulator Warns Against FX Scams

  • The central bank said brokers have been targeting Kenyans via social media and mass emails
by David Kimberley
Brokers

Equiti Group to Launch Retail Brokerage FX Pesa in Kenya

  • The firm's locally regulated subsidiary, EGM Securities, will be running the brand
by David Kimberley
Technology

Equity Bank Launches Online FX Platform “EazzyFX” in Kenya

  • The platform is targeted at SMEs and large corporations.
by Celeste Skinner
Regulation

Kenyan CMA Warns Against Unregulated FX Brokers

  • The East African nation has been trying to establish a legal framework for brokers to operate in
by David Kimberley
Brokers

EGM Securities Launches Kenya’s First Regulated FX Trading Platform

  • The platform will allow traders to invest in foreign exchange, oil, gold, other precious metals and commodities.
by Celeste Skinner
News

Bancor Launches Community Currencies Initiative in Kenyan Neighborhoods

  • Bancor is teaming up with Grassroots Economics to tap into local Kenyan economies.
by Rachel McIntosh
Brokers

Breaking: Equiti Group Acquires First Forex Broker License in Kenya

  • The brokerage continues to build up its license portfolio at a key time for the industry
by Victor Golovtchenko
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