This archive report was first published on 29 December 2021.
December 29, 2021, marked a significant milestone for Waanzilishi Capital Limited as the Capital Markets Authority (CMA) announced its admission to the Regulatory Sandbox. This move brings the total number of firms admitted to the sandbox to 12.
Waanzilishi Capital will be live-testing its robo-advisory solution, Ndovu, which provides automated financial planning by leveraging client data on financial situations and future goals to offer investment advice and automatically invest clients' assets.
During the live testing period, Waanzilishi will be required to provide periodic reports to CMA on the implementation of its test plans, achievements of its objectives, challenges, and risks. A final report will be submitted upon expiry of the period.
CMA CEO Wycliffe Shamiah emphasized the significance of this admission, stating that it will facilitate the adoption of new technologies in the capital markets value chain, aligning with the authority's Strategic Plan 2018-2023.
Shamiah noted, "The admission of Waanzilishi Capital Limited to the Regulatory Sandbox will facilitate the adoption and implementation of new technologies in the capital markets value chain."
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