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Capital markets regulator approves a Sh5 unit trust

Capital Markets Authority (CMA) CEO Wyckliffe Shamiah on April 29, 2021. PHOTO | LUCY WANJIRU | NMG

By  OTIATO GUGUYU

A new digital-based collective investment scheme (CIS), which allows a minimum Sh5 investment has received regulatory nod for market rollout.

The Capital Markets Authority (CMA) has licensed Chumz App from Moneto Ventures Limited following successful tryouts at the regulator’s sandbox.

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