Topic : Capital Markets Authority

Topic: Capital Markets Authority

Withdrawal Reasons

Why Savannah Clinker withdrew Sh27.8 billion Bamburi Cement takeover offer

Dec 04, 2024 at 05:28 PM

The embattled Savannah Clinker Limited has blamed the arrest of its chairman Benson Ndeta as one of the key reasons why it withdrew its bid to take over Bamburi Cement....

Takeover Nought

Beset Savannah Clinker boss withdraws ambitious Bamburi Cement takeover bid

Dec 04, 2024 at 03:44 PM

Savannah Clinker has withdrawn its controversial bid to acquire Bamburi Cement a month after it raised its offer to Sh27.78 billion from its preliminary counter-offer of Sh25.4 bil...

Inclusion Strategy

CMA approves safaricom's Ziidi Money Market Fund, expanding financial inclusion

Nov 28, 2024 at 03:57 PM

The Capital Markets Authority (CMA) has granted Safaricom PLC approval to launch the Ziidi Money Market Fund as a Collective Investment Scheme (CIS), a move that promises to reshap...

Huge Loss

Protestors in Nairobi CBD. PHOTO/COURTESY

Sh34 billion wiped out of NSE as Gen Z protests spark investor jitters - Report

Nov 01, 2024 at 08:12 PM

A new report from the Capital Markets Authority has laid bare the financial toll of Kenya’s recent social unrest, revealing that investors at the Nairobi Securities Exchange (NSE...

Crypto Monitoring

KRA plans real-time cryptocurrency monitoring to curb tax evasion in Kenya

Oct 17, 2024 at 09:10 AM

The Kenya Revenue Authority (KRA) is set to introduce a new tax system designed to monitor cryptocurrency transactions in real-time....

Hybrid Market

NSE opens doors to a transformed bond market with hybrid trading platform

Feb 09, 2024 at 12:56 PM

The Nairobi Securities Exchange (NSE) has announced its receipt of approval to implement a hybrid fixed-income market, combining both onscreen and Over-the-Counter (OTC) trading, a...

Self-Dealing

Kakuzi directors to face separate tribunal hearings for alleged self-dealing

Feb 07, 2024 at 12:49 PM

The Capital Markets Tribunal has thrown a spanner in the works of the Capital Markets Authority's (CMA) attempt to consolidate two separate appeals filed by Kakuzi officials accuse...

Strategic Suspension?

Kenya Airways takeoff shakes as NSE extends trading suspension further

Jan 03, 2024 at 08:34 PM

Kenya Airways (KQ) faces an extended suspension of its shares at the Nairobi Securities Exchange (NSE) as the exchange announced a continuation of the trading halt for an additiona...

Presidential Assent

William Ruto assenting to the bills at State House. PHOTO/COURTESY

Ruto signs landmark legislation to boost anti-money laundering, climate change initiatives

Sep 01, 2023 at 03:44 PM

President William Ruto has ushered in a new era of legal reform in Kenya with the signing of two crucial bills, the Anti-Money Laundering and Combating of Terrorism Financing Laws ...

Investor Day

R-L: Safaricom PLC Chief Finance Officer, Dilip Pal, Director Sustainable Business & Social Impact, Karen Basiye, Safaricom Telecommunications Ethiopia CEO, Anwar Soussa, Safaricom PLC CEO, Peter Ndegwa, Chief Enterprise Business Officer, Cynthia Kropac,

Safaricom holds forum on its journey to become purpose-led tech company

Feb 16, 2023 at 09:02 PM

Safaricom held its inaugural investors' day on Wednesday at the Carnivore Grounds to update stakeholders on its journey to become a purpose-led technology company by 2025....

Financial Support

Financial sector agrees to support William Ruto's Affordable Housing Plan

Oct 25, 2022 at 02:02 PM

President William Ruto chaired a meeting with key players in the country's financial sector at State House Nairobi....

Orders Extended

Blow to Sarrai Group as court extends orders barring Mumias Sugar Company lease

Jan 26, 2022 at 04:59 PM

The High Court has extended orders barring Sarrai Group from taking over operations of Mumias Sugar Company pending the determination of a petition filed by five farmers....

CMA's Warning