Understanding Kenya's Capital Markets Ecosystem
Stock Issuers Shareholders Participants IR & RegistryEntities authorized by the Capital Markets Authority (CMA) to issue securities
According to the Capital Markets Authority of Kenya, a security issuer is any entity that is authorized to issue securities to the public for the purpose of raising capital.
These securities may include shares, bonds, debentures, or other financial instruments that are traded in the capital markets.
Listed companies that have issued shares to the public through the Nairobi Securities Exchange (NSE).
The Kenyan government issues treasury bonds and bills to finance development projects.
Key institutions supporting Kenya's capital markets
The CDSC plays several critical roles in Kenya's capital markets:
The CDSC reduces settlement risk and provides investor protection through its secure systems.
Various entities participate in Kenya's capital markets with specific roles:
Licensed intermediaries who execute buy/sell orders on behalf of investors.
Facilitate capital raising through IPOs and other securities offerings.
Manage collective investment schemes and portfolio investments.
CMA and NSE ensure market integrity and investor protection.
Enhancing fair access and participation in capital markets
Effective investor relations plays a crucial role in ensuring retail shareholders have fair access to information and participation opportunities in the stock market.
Investor relations ensures:
IR activities help protect retail investors by:
This platform enhances retail participation by:
By democratizing access to information and tools traditionally available only to institutional investors, this platform helps level the playing field for retail investors in Kenya's capital markets.