CMA and KEPSA sign MoU to support market deepening and uptake of capital market products
Nairobi, 02 July 2021….rket deepening and leveraging capital market products to catalyse
seek avenues for private and public sector finance and investment necessary to support Kenya’s economic growth and complement development funding gaps. The two institutions seek to collaborate in the development of policy and regulatory interventions to create a conducive business environment that will support a robust, resilient, and inclusive financial sector through the growth of the capital markets.
‘With many of our Kenyan businesses adversely affected by the Covid-19 pandemic, this partnership will go a long way in ensuring that many of them discover their way to recovery. This MoU compliments our series of trainings that we have been conducting on businesses, especially in accessing financing. Our MSMEs will now be able to access the capital market products, hence easing their burden of getting credible financing for their operations’, said Ms. Carole Kariuki Karuga, the KEPSA Chief Executive Officer.
KEPSA and CMA will develop a joint workplan to support the activities under the partnership. Some of the planned activities include:- joint quarterly fora to engage KEPSA members on capital market products, and joint publications and research on financial markets to create financial quick reference materials to be distributed to critical stakeholders such as the youth, investment clubs and professionals.
BACKGROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY
BACKGROUND INFORMATION ON THE KENYA PRIVATE SECTOR ALLIANCE (KEPSA)
The Kenya Private Sector Alliance (KEPSA) is the apex body of the private sector in Kenya. KEPSA brings together local and foreign business associations, chambers of commerce, professional bodies, corporates, multinational companies, start-ups, Micro, Small and Medium Enterprises (MSMEs) from all sectors of the economy in the country, representing over 1, 000,000 million businesses under one umbrella, to enable them to speak in one voice when engaging the Government, development partners and other stakeholders on cross-cutting policy issues affecting private sector development. It also implements programs that ensure the growth of businesses and the social-economic development of the country.
KEPSA supports businesses with opportunities for training, networking, financial linkages, mentorships & coaching, access to markets, value chains and investment opportunities while working closely with many partners from across the world.
KEPSA serves as a federation of over 80 Associations and professional bodies and serves as the focal point of the East Africa Business Council (EABC) which is the apex body of businesses in East Africa.