Capital Markets

Market eyes FSD support for listings

Paul Muthaura
Capital Markets Authority (CMA) chief executive Paul Muthaura. FILE PHOTO | NMG 

Kenya’s capital markets are among exchanges in Africa and Middle East set to benefit from UK government-backed Financial Sector Deepening (FSD) Africa technical support to grow new listings.

Increasing the number of companies trading on stock exchanges is key in addressing liquidity challenges in most of the markets, regulators’ meeting in Kuwait said.

This will also help government and companies raise adequate cash to sustainably support economic activities.

The meeting under Africa Middle East Regional Committee (AMERC) – chaired by Kenya’s Capital Markets Authority (CMA) chief executive Paul Muthaura – agreed to draw on FSD’s technical and financial support to promote and deepen market-based financing through new products.

AMERC is affiliated to the International Organisation of Securities Commissions (IOSCO), an association of global securities and futures markets regulators.