A report by the Capital Markets Authority (CMA) shows that Kenyans are steadily shifting their investments away from Money Market Funds (MMFs), which were previously popular. The report shows that MMFs’ share of Assets Under Management (AUM) has dropped gradually from highs of over 90 percent in the previous years to about 56 percent by
Regulators have welcomed the sale of part of the Government’s stake in Safaricom, saying that the price was competitive and the transaction is unlikely to negatively affect the market. The Capital Markets Authority (CMA), Competition Authority (CAK), and the Communication Authority told MPs scrutinising the deal the divestiture was a good idea and would yield
