CMA eyes new fund to back corporate bond issuances, reduce risk of investor losses

Capital Markets Authority (CMA) CEO Wyckliffe Shamiah at a past event. FILE PHOTO | LUCY WANJIRU | NMG

Kenya’s once vibrant corporate bonds market has undergone lean times in the past five years, at times facing real fears of a total collapse due to investors’ fear of losing their funds to shaky issuers.

Although there are now encouraging signs of a gradual recovery, following successful issuances by student hostel developer Acorn Holdings, Family Bank and Centum Real Estate, much still needs to be done if the segment is to recover its lost glory.

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