The Capital Markets Authority (CMA) has granted a ‘No Objection’ to Pezesha Africa Limited (Pezesha) to operate its debt-based crowdfunding platform in the Kenyan capital markets, after a successful testing period in the Regulatory Sandbox, which launched in March 2019.
The debt-based crowdfunding platform that has been on a one-year testing period in the Regulatory Sandbox operated by CMA will allow firms and entrepreneurs to raise and collect funds from investors, contributors and donors.
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