Kenya’s capital markets are set to benefit from stronger investment banking capacity following the licensing of three new investment banks by the Capital Markets Authority (CMA). According to the Capital Markets Authority, three financial institutions were granted Investment Bank licences in May 2026 after previously operating under different capital markets licenses. Investment banks perform an important role in financial markets by connecting businesses seeking capital with investors looking for investment opportunities. The licensing also supports Kenya’s broader objective of deepening domestic capital markets and diversifying sources of business financing. The approval of three new investment bank licences reflects Kenya’s continued commitment to building a more sophisticated financial market.