In an effort to restore investor confidence, the Capital Markets Authority (CMA) has published a new raft of rules that require fund managers to provide more disclosures.
This follows legal battles between CMA and certain asset management firms after retail investors lost cash after the collapse of several funds that have sold commercial paper, and other debt instruments. READ MORE..
The University of Nairobi Vice-Chancellor, Prof. Stephen Kiama has been appointed to serve as the Chairperson of the newly formed East and Southern Africa (ESA) Regional Committee of the Association of Commonwealth Universities (ACU).
The Central Bank of Kenya’s (CBK) usable foreign exchange reserves have increased to Sh991.59 billion ($9,302 million) in the week ending June 11, due to the high foreign fund disbursements to support the country against the adverse effects of coronavirus. CBK data has shown the reserves are nearing the Sh1 trillion mark, having increased from by Sh4.37 billion from Sh987.22 billion ($9,261 million) from the previous week.
