Tag: CMA

Boardroom Power Dynamics: Tribunal Clarifies CMA’s Mandate

The recent decision by the Capital Markets Tribunal in the Limuru Tea case (Limuru Tea PLC vs. Capital Markets Authority (Appeal 11 of 2022) [2025] KECMT 3 (KLR)) signifies a pivotal moment in the changing dynamics between corporate boards and their regulators. The matter was not only about governing a single listed company but also […]...

New KICA 2025 Rules Call for Rethinking Competition Oversight in Kenya’s Telecoms Sector

The Communications Authority of Kenya (CA) is once again attempting to cement its foothold in the competition domain of the communications and telecommunications sector. This follows the latest set of...

1 Aug 2025

Capital Unbound: Opportunities and Risks in a Liberalised Market

In a week dominated by headlines on inflation, political standoffs, and underwhelming earnings results, a subtle but profound legislative amendment slipped through the cracks. Parliament, through the ...

24 Jan 2025

Regulation of Virtual Assets

It has recently come to light that the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) will jointly regulate the cryptocurrency industry upon the approval, assent and gazettement o...

12 Aug 2022

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 r...

22 Jul 2022

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...