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Why Kenya is yet to attain global financial hub status

Nairobi Securities Exchange CEO Geoffrey Odundo, Sports Cabinet Secretary Amina Mohammed and Homeboyz Entertainment CEO Myke Rabar at the listing of Homeboyz Entertainment in the Growth Enterprise Market Segment of the NSE on December 21, 2020 in Nairobi. PHOTO | FILE | NMG

By  James Anyanzwa

Business Reporter in Nairobi, Kenya

Nation Media Group

Kenya’s quest to become an international financial hub has suffered a setback after the Capital Markets Authority (CMA) failed to achieve key performance indicators.

The authority cited the Covid-19 pandemic, waning investor confidence in the capital markets and low uptake of investment products and limited listings on the Nairobi Securities Exchange for the failure.

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