By Staff Writer
Capital.com has been granted a licence by the Capital Markets Authority of Kenya (CMA) to operate as a Dealing Online Foreign Exchange Broker, enabling the firm to offer regulated online forex and trading services to clients in Kenya.
The company has appointed Samwel Kiraka as Chief Executive Officer for its Kenyan operations. He will oversee the establishment and management of the local business, including governance, compliance, and client operations, in line with CMA requirements.
“Capital.com’s priority in Kenya is to operate within the framework set by the Capital Markets Authority and to build local operations that meet regulatory and operational expectations from day one,” commented Samwel Kiraka, Kenya CEO at Capital.com.
Capital.com is regulated in several major jurisdictions, including the UK, Cyprus, Australia, The Bahamas, and the UAE, and is pursuing licences in additional markets as part of its global expansion strategy.
According to Capital.com, licence applications are also underway in Japan and Turkey, while the company is recruiting chief executives for planned operations in Brazil and Chile.
Now, Capital.com joins a growing number of CFD brokers with a regulated local presence in Kenya. Firms such as Admirals, IC Markets, FP Markets, Pepperstone, Exness, INGOT Brokers, Scope Markets and Exinity are already licensed and operating in the country.
