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Tag: Capital Markets Authority (CMA)
NSE Amends Rules To Allow Block Trades
The Nairobi Securities Exchange (NSE) has amended its Trading Rules to allow for Block Trades, following a green light from the regulator Capital Markets Authority (CMA) on January 30, 2023. Block trades shall constitute the sale of shares whose value exceeds Ksh3 billion in value...
Cytonn CEO Edwin Dande’s Latest Multi-Billion Shilling Fight
The last straw for Dande was a 24-hour notice Cytonn was given for a meeting with CMA a day before they were hit with the order to change their name.
40 Forex Scams Costing Kenyans Millions – CMA Reveals
The CMA noted that investors were promised returns of as high as 20 per cent. One alleged scam mastermind operating from Nakuru was said to collect funds of between Sh5,000 and Sh20,000 from clients while promising them a daily return of 10 percent from the day the money is invested
How SMEs Can Utilize Capital Markets – CMA Offers Advice After KEPSA MoU
Some of the planned activities include: - joint quarterly fora to engage KEPSA members on capital market products, and joint publications and research on financial markets to create financial quick reference materials to be distributed to critical stakeholders such as the youth, investment clubs and professionals.
CMA Approves Grant of REIT Manager License to Acorn Investment
A REIT Manager is a company incorporated in Kenya and licensed by the Capital Markets Authority to provide real estate management services in respect of a Real Estate Investment Trust.
CMA Greenlights Absa Asset Management’s Unit Trust Funds
In October, CMA allowed Pezesha to operate its debt-based crowdfunding platform in the Kenyan capital markets