FLAGSHIP PROJECTS

Deepening of Capital Markets.

PROJECT PROFILE

To promote long term investments and create a conducive environment to fund Vision 2030 through the capital markets.

PROJECT OVERVIEW

Status:

On Schedule/Ahead of Schedule

Implementing Ministry (MDAS):

Ministry of Finance

Location:

Country Wide

Sector:

Financial Services

MTP Target:

Bond Market reforms; Demutualization; Review Capital Markets Act to provide Capital Markets Authority with adequate legal protection and to Develop new products & services.

PROJECT PROGRESS

Bond Market reforms.
Automation of bond trading and Maturity lengthened to 30 years.
Law amended to allow OTC trading for government bonds and operational framework has been developed.

Demutualization of Nairobi Stock Exchange complete.

Develop new products & Services.
Some of the new products and services developed are Real Estate Investment Trust ( REITS ), the Growth Enterprise Segment ( GEMS ).

The Capital Markets master plan steering committee launched. They will strategize and develop a ten year master plan for the capital markets in the country and by extension the region.

The Capital Market Master plan is now a Vision 2030 flagship project under the deepening of Capital Market with the Capital Market Authority as the lead implementer.

OBJECTIVE

To create access to capital markets, raise savings and investment rates and raise stock market capitalization.

BENEFITS

Attracting more Investments.