Tag: CMA

CMA announces measures to encourage investment on the securities exchange

This week the Kenyan Capital Markets Authority announced measures being taken and laws being reviewed in efforts of protecting the markets and ending IPO droughts; as the region begins slowly opening up, will we see more East African countries following suit? Tanzania Securities LTD CEO, Maro Kohi joins CNBC Africa for more.

New Kenyan digital tax to take effect in January 2021

The Kenyan Revenue Authority invites the public to comment on the country’s imminent digital tax; the Capital Market Authority puts new protective measures in place; and regional exports take a dip - these are the stories making headlines in Kenya and CNBC Africa spoke to journalist, Joseph Bonyo for more.

Kenya receives $14mn World Bank support to boost coffee production

Kenya's coffee sector received close to $14 million from World Bank, to boost the production of speciality coffee and link farmers to direct markets in order to eliminate the issue of cartels. Moreover, the Capital Markets Authority announced that it will allow listed companies on the Nairobi Securities Exchange to pay dividends without holding annual general meetings. Rodney Omukhulu, Assistant investments Analyst joins CNBC Africa for more.

Kenya’s CMA to tighten regulation of coffee sales as way to combat cartels

The Capital Markets Authority (CMA) will start to regulate the sale of coffee at the Nairobi Coffee Exchange, a move that seeks to curb cartels in the sector. According to draft regulations published by Treasury CS, Ukur Yatani, the Agriculture and Food Authority’s Coffee Directorate will cease to regulate the coffee sales – including the weekly auctions in Nairobi. George Bodo, Director of Callstreet Research joins CNBC Africa for more.

Dormancy at NSE hurting turnover at the bourse

Central Depository and Settlement Corporation (CDSC) shared that nearly 90 per cent of the 1.6 million share accounts at the firm have not been actively trading in the past two years. Towards end of March, the firm moved to implement the Dormant Account (Rules) Guidelines that were approved by the Capital Markets Authority (CMA) in April 2018. What does this mean? Caleb Mugendi, Assistant Manager of Public Markets at Cytonn Investments joins CNBC Africa for more.

Insider trading on Kenol Kobil Plc shares exposed

In Kenya, the Capital Markets Authority(CMA) have taken administrative action against ex-Kestrel CEO Andre DeSimone, Aly Khan Satchu and Kunal Kamlesh for their involvement in insider trading on Kenol Kobil plc shares in the period before the takeover announcement was made public in October 2018. Caleb Mugendi, Assistant Manager and Public Markets, Cytonn Investments joins CNBC Africa for more.

Rwandan companies train to strengthen disclosure practices

A workshop was held today in an effort to strengthen integrated reporting and disclosure practices among Rwandan companies. The workshop was hosted in collaboration with the Capital Market Authority and International Finance Corporation with the goal of building investor trust and attracting capital. Roman Zyla joins CNBC Africa for more.

Kenyans warned against online forex trading through unlicensed entities, what you need to know

Kenya’s Capital Markets Authority (CMA) warns against unlicensed foreign exchange trading.