Capital markets can no longer afford to ignore climate, people and ethics

The reforms come as Kenya's capital markets gather momentum, with stronger equity performance and renewed investor confidence.

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Capital Markets Authority overhaul of board rules and a sweeping new ESG code signal that governance failures will now be treated as balance sheet risk, not reputational noise.

Kenya's capital markets are worth about Sh3.88 trillion ($29.9 billion), having grown more than 26 percent since January.

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Note: The results are not exact but very close to the actual.