Kenya mulls foreign currency denominated instruments to expand capital markets
Contributed by NAMPA / Xinhua.
NAIROBI, Oct. 11 (Xinhua) -- Kenya was considering a proposal to allow foreign currency denominated financial instruments such as bonds in order to expand capital markets, financial market regulator said on Thursday.
Paul Muthaura, CEO of the Capital Markets Authority (CMA), told journalists in Nairobi that the move was aimed at increasing the liquidity of the capital market by attracting more foreign and domestic investors.
"We have recommended to the National Treasury to issue a policy pronoun ...