Tag: CMA

Highlights of the 2022 Kenya Financial Sector Stability Report

The Central Bank of Kenya (CBK) recently released the 2021 Financial Stability Report which discusses developments and risks in Kenya’s economy and financial sector in the post-Covid–19 pandemic recovery phase, and details how the financial sector has remained resilient. The report outlines some of the policy and legal developments in 2021 that are expected to […]...

Kenya needs a green taxonomy to enhance environmental sustainability

A green taxonomy is an official classification or catalogue that defines a minimum set of assets, projects and sectors that are eligible to be defined as “green” or environmentally friendly. Green...

20 May 2022

The clock is ticking for corporations to integrate ESG systems into their frameworks

On November, 29, 2021, the Nairobi Securities Exchange (NSE) launched its Environmental, Social and Governance (ESG) Disclosures Guidance Manual. These guidelines require that companies listed on the ...

6 May 2022

Proposed Regulations on Share Buybacks under the draft Capital Markets (Securities)(Public Offers Listings and Disclosure) Regulations, 2022

The Capital Markets Authority (CMA) has published draft rules that will, among other things, provide for share buybacks by listed companies in Kenya. Despite the Companies Act, 2015, introducing the c...

20 Nov 2020

Appointment of Chief Executive Officer at the Capital Markets Authority

On 19 th November, 2020 it was confirmed that the Cabinet Secretary for National Treasury & Planning, Hon. (Amb.)Ukur Yatani, EGH, had approved the appointment of Mr. Wyckliffe Shamiah as the Chie...

21 Aug 2020

The Companies (Amendment) Bill, 2020

Introduction With the COVID-19 pandemic here to stay, corporations are now forced to operate digitally. Early in the year the Capital Markets Authority released a note stating that publicly listed com...