Exness Granted a New License from Kenya CMA

Fazzaco learned that Exness, an international multi-asset retail broker, has expanded its presence in Africa, with securing a new license from the Capital Markets Authority of Kenya (CMA). This new license allows the company to operate as a non-dealing online broker in Kenya.

The latest move is part of Exness’ strategic expansion plan in sub-Sarahan Africa, following its obtaining a regulatory license from the South African Financial Sector Conduct Authority (FSCA).

“The CMA license is an important step for Exness to develop an even more powerful presence in Africa,” said Paul Margarites, the Regional Commercial Director for Sub-Saharan Africa at Exness. “Thanks to our FSCA license, we got off to a good start in establishing our reputation in the continent in 2021. We look forward to providing our products and services to more traders across Africa via our new license.”

Over the last few months, the brokerage firm has made a series of new senior leadership appointments, including Head of Senior Account Management Operations, Chief Marketing Officer, Chief Business Development Officer, Senior Public Relations Manager and Head of B2B Sales​, etc., according to Fazzaco’s report. These talent moves indicate that Exness is focused on growing global footprints.