Bitcoin ATMs have started appearing in major shopping malls across Nairobi, days after Kenya’s new law on virtual assets became active. The bright orange machines, branded “Bankless Bitcoin,” were seen …
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CMA Gazettes Crowdfunding Regulations and Paving Way For Cheaper Capitals
Small businesses will access affordable funding after the Capital Markets Authority (CMA) gazetted a new crowdfunding regulation. The Capital Markets (Investment-Based Crowdfunding) Regulations 2022 is pursuant to Section 12 (1) …
- BusinessEconomyMorocco
French shipping company CMA CGM to launch a new maritime shuttle Linking Morocco, France and Spain
French shipping company CMA CGM will launch a new maritime shipping service linking Morocco, France, and Spain. Operations of the new shuttle service, named “Morocco Shuttle,” will begin on November …
The capital markets regulator has extended its ongoing investigation to the board of Kakuzi weeks after grilling the firm’s top executives as it sought to understand their oversight roles during …
The Capital Markets Authority (CMA) has reviewed the credit rating agencies guidelines, in a bid to enhance best practices on the conduct of sovereign or company ratings in Kenya. Following …
- BusinessEastern AfricaFinance & ServicesFood Production
KRA Pursues probe of Kakuzi in tax evasion allegations
The Kenya Revenue Authority (KRA) has opened investigations against food producer Kakuzi over allegations of paying less tax as a result of cross-border financial deals with its majority shareholder Camellia …
Foreign investor outflows at the Nairobi Securities Exchange surged more than six times to Sh10.8 billion in the quarter ended June 2022, as the foreigners sought safer investment destinations amid …