Business Daily | by Otiato Guguyu
The Capital Markets Authority (CMA) has proposed mandatory listing on the Nairobi Securities Exchange (NSE) by small businesses eyeing funds from the State-backed credit guarantee scheme.
CMA director of policy and regulation Luke Ombara said such listings would improve corporate governance and transparency in the use of the funds, limiting the risk of loss.
“We are in the process of making a proposal to consider provision for mandatory listing by MSMEs (micro, small and medium-sized enterprises) qualified to access funds from the government’s credit guarantee scheme…
