| :: FINANCIAL AND CAPITAL
MARKETS
Over View
Kenya has the most sophisticated financial and capital
markets in the East African region. Professional standards
among bankers, investment advisers, fund managers, accountants,
lawyers, brokers and other intermediaries are high.
The Central Bank of Kenya is responsible
for management of Kenya's financial and banking system,
in tandem with the Treasury. Bank supervision is of
a high standard. There are over 40 licensed banks and
numerous other financial institutions such as building
societies, foreign exchange bureau and credit reference
agencies.
The Capital Markets Authority is responsible
for regulation and supervision of the capital markets,
including the Nairobi Stock Exchange. There are 52 listed
companies with their combined market capitalization
standing at over US$ 10 billion.
The market is divided between;
- Main segment,
- Alternative investment market (for smaller companies)
and
- Fixed income segment (for debt issuers).
Corporate bonds have been issued by
a number of regional multilateral institutions (East
African Development Bank, PTA Bank) and on a secured
basis by Kenya ’s two mobile telecoms companies
with the third operator awaiting licensing for the Communication
commission of Kenya (CCK).
Competition law is supervised by the
Monopolies and Prices Commission. Most mergers and acquisitions
fall within the scope of the law and require an approval.
NOTE:
This summary does not purport to be a comprehensive
statement of the law and no reliance may be placed on
the contents. For further information and answers to
your questions please contact us using the contact details
provided.
[ Legal System
| Investment Climate
| Taxation | Capital
Markets ]
Our contact details:
NDEGWA, MUTHAMA & KATISYA ASSOCIATES
ADVOCATES & COMMISSIONERS FOR OATHS
ZULFATHATIMY BUILDING, 2ND FLOOR, OPPOSITE MOMBASA LAW COURTS
P.O. BOX 87171-80100 GPO
MOMBASA - KENYA
TEL: 041-2223337, 2222356
FAX: 041-2223337
MOBILE: 0726 663500
EMAIL:nmkadvocates@mombasalawyers.com
|
