Sharp Daily
No Result
View All Result
Friday, May 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Investments

CMA, Kenya Development Corporation Sign Collaboration Agreement

Editor SharpDaily by Editor SharpDaily
September 28, 2022
in Investments
Reading Time: 2 mins read
KDC Director General Mr. Christopher Huka and Capital Markets Authority (CMA) Chief Executive Officer Mr. Wyckliffe Shamiah during the signing of the Memorandum of Understanding.

KDC Director General Mr. Christopher Huka and Capital Markets Authority (CMA) Chief Executive Officer Mr. Wyckliffe Shamiah during the signing of the Memorandum of Understanding. [Photo/ Courtesy]

The Capital Markets Authority (CMA) and the Kenya Development Corporation (KDC) have signed a Memorandum of Understanding (MOU) to promote greater utilization of the capital markets through structured financial products by corporates including SMEs.

The MOU establishes a partnership through which joint efforts in education, awareness creation, and stakeholder engagements will be executed to improve knowledge levels and uptake of financial products and services. CMA and KDC will collaborate to promote the commercialization of SME ideas that will be developed to product prototypes through the CMA Regulatory Sandbox. Business advisory services will also be jointly offered to struggling but promising businesses including distressed potential issuers.

In Kenya, many SMEs remain unserved especially in the aspect of access to capital through appropriate financial products to support growth and expansion. This partnership is anticipated to enhance SME growth capacity while diversifying financing approaches by adding capital markets to the list of potential capital-raising avenues.

Read: Housing Sector Gains After Kweli Capital Umbrella Fund Gets CMA’s Nod

RELATEDPOSTS

Kenya’s Investment Schemes hit record KES 254 billion with 1.2 million investors

September 15, 2024

CMA approves new unit trust funds

August 1, 2024

The MoU is aligned to the Government’s Agenda of focusing on the bottom of the financial pyramid, that deliberately sheds light on SMEs, as they increasingly play a catalytic role in the country’s economic transformation journey into the future.

Speaking during the signing ceremony, the CMA Chief Executive Officer Mr. Wyckliffe Shamiah said, “Strategic alliances are crucial for accelerating market development as they provide complementary expertise and support to the involved parties and consequently enhance their internal capacities. Such partnerships are important for the CMA as it aims to ensure that the country’s capital markets attain international stature and provide access to other markets.”

At the same event, the KDC Director General Mr. Christopher Huka said that the collaboration between the two government institutions in research, product development, policy and regulatory work is expected to  create a conducive environment for SMEs to thrive.

Read: CMA Gives Nod For Transcentury Rights Issue

“Under this agreement KDC is committed to providing sustainable economic development through provision of long-term finance and other financial, investment and business advisory services to enterprises in diverse sectors of the economy, given that access to long term capital has become a challenging issue in many developing economies. Our goal is to address critical gaps and market failures that require long-term funding which cannot be met by commercial banks.” Mr. Huka said.

The two partner institutions are committed to champion industry development and facilitate access to suitable financial products and other technical resources through closer collaboration in the areas of product development, long-term financing, research, stakeholder engagement, and innovation.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

President Ruto’s Big Promise To Kenyans Blacklisted By CRBs

Next Post

Cabinet Secretaries To Enjoy Hefty Allowances By SRC

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

Investments

Regulatory hurdles hampering transition to electric motorcycles

May 9, 2025
Investments

AI’s ethical implication in customer interaction and marketing

May 7, 2025
Investments

May momentum: Why the CMMF remains a top performer

May 6, 2025
Investments

Balancing between inflation and unemployment

May 5, 2025
Economy

Diaspora remittances: The hidden engine of Kenya’s economy

May 5, 2025
Investments

Cytonn income drawdown fund (CIDDF), an ideal option for retirees

May 2, 2025

LATEST STORIES

Mothers who move us

May 9, 2025
Agriculture And Economy

Lets get Kenya out of FATF list

May 9, 2025

Stanbic bank Kenya posts 16.6% profit decline in Q1 2025

May 9, 2025

Regulatory hurdles hampering transition to electric motorcycles

May 9, 2025

A magical birthday at the springs

May 8, 2025

PSG defeat arsenal to reach Champions League final

May 8, 2025

The hidden risks of family-owned companies

May 8, 2025

Tackling Kenya’s housing crisis with affordable solutions

May 8, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024