Admirals expands in Africa, adds Kenya license
Estonia based Retail FX and CFDs broker Admirals Group AS has announced that Kenya’s Capital Markets Authority (CMA) has licensed Admirals Kenya Limited, as a non-dealing online forex trading broker under the Capital Markets Regulations.
Admirals said it hopes the achieving of this license shall assist further growth in Africa and grant access to a stringently regulated market.
Also, Admiral Markets Cyprus and Admirals South Africa jointly entered into a takeover agreement of Aglobe Investments Ltd, incorporated in the Republic of Seychelles and licensed as a securities dealer by the Seychelles Financial Services Authority.
The move is the latest on the continent for Admirals, which earlier this year established an entity in South Africa, with Admirals SA (PTY) Ltd receiving a license from the FSP, and the company opening an office in Cape Town.