The East African | by James Anyanzwa
Kenya’s Capital Markets Authority (CMA) is seeking to introduce electronic initial public offerings (e-IPOs) as part of efforts to attract listings, even as it goes for company chiefs of firms delisted or suspended from the stockmarket in a new drive to clean up the image of securities governance.
The market regulator, through the “Draft Capital Markets (Public Offers & Listing of Securities) Regulations, 2022,” says it is reviewing the rules governing IPOs and operations of listed firms which have partly been blamed for the country’s IPO drought…
