CMA admits it lacked powers to protect investors’ lost billions

kenya parliament, national assembly


The Standard | by Wambu Wainaina


CMA last week appeared before the committee after Garissa Town MP Aden Duale requested Parliament to probe the regulator, estimating that investors had lost about Sh36.8 billion due to the regulator’s negligence.

CMA Acting Director Marketing Operations Abubakar Hassan Abubakar was the first to admit regulatory gaps in the CMA law that might have led to the loss of investors’ billions…

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