CMA Kenya

MTN Uganda

CMA Grants MTN Uganda Consent to Market its IPO to Kenyan Investors

East Africa

Capital Markets Authority (CMA) has granted  MTN Uganda permission for its Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and Retail Investors following the opening of the offer in Uganda on 11th October 2021. The marketing in Kenya is spearheaded by SBG Securities, and Dyer …

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CMA Markets

National Treasury Grants CMA Power to Oversee Investment Funds in Bid to Fight Fraud

Corporate News

The National Treasury has given the Capital Markets Authority (CMA) powers to oversee all investment funds formally solicited from the public. In the new regulations published by the treasury, they said the move is a bid to rein in fraudulent and unregulated schemes where unsuspecting Kenyans lose billions of shillings. The regulator attributed this grey …

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CMA Markets

CMA Sign Cooperation Agreement with Financial Services Commission Mauritius

Corporate News

Kenya’s Capital Markets Authority (CMA) has signed an agreement with the Financial Services Commission (FSC) Mauritius to strengthen compliance in the Kenyan and Mauritian capital markets. The agreement is set to boost the efficiency, integrity, and financial soundness of the capital markets by improving supervision of cross-border transactions, enhancing regulation and reducing fraudulent practices in …

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Image of CMA logo

CMA and KEPSA sign MoU to support MSMEs in uptake of capital market products

Corporate News

The Capital Markets Authority (CMA) has signed a Memorandum of Understanding (MoU) with the Kenya Private Sector Alliance (KEPSA) to support market deepening and leveraging capital market products to catalyse growth in line with the Big 4 Agenda and Sustainable Development Goals. The MoU aims to ensure that many of the MSMEs affected by the COVID-19 …

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Nairobi Securities Exchange KENYA

CMA to Lower Cost of Listing on Nairobi Securities Exchange

Corporate News

The Capital Markets Authority (CMA) is considering lowering fees for listing on the Nairobi Securities Exchange (NSE) to attract more investors. This comes after a study by investment adviser RisCura which showed that prohibitive costs had led to “market failure” relating to Initial Public Offerings (IPOs) on African stock exchanges. Currently, the initial and annual fees …

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Stanbic holdings

CMA grants Stanbic Africa On-Market Trading on Stanbic Kenya Shares.

Business News / Leave a Comment

The capital Markets Authority has granted Stanbic Africa Holdings Limited [SAHL] an extension period to buy more shares of Stanbic Kenya Holdings Plc on the Nairobi Securities Exchange. Stanbic Africa Holdings Limited (SAHL) had announced in 2018 the intention to purchase, through a Tender Offer an additional 59 million shares of Stanbic Holdings Plc, an …

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The Rate Cap is here to Stay!

African Markets

Kenyan parliamentary committee has rejected a request from the finance ministry to scrap the cap on commercial interest rates imposed by lawmakers in 2016, a document seen by Reuters on Wednesday showed. The Finance and National Planning Committee instead recommended that the law capping lending rates be rewritten more clearly. The finance ministry had asked …

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