Business Daily | by Julians Amboko
The Capital Markets Authority (CMA) is tightening rules for raising funds privately to protect unsophisticated investors and seal gaps that firms such as Cytonn used to raise billions of shillings without regulatory scrutiny.
Firms seeking to raise money through private offers will now have to generate a list of potential investors before tapping the market for the funds and the registry must be provided to the regulator…
