Kenya’s Capital Markets Authority (CMA) has stepped up surveillance on proceeds of financing raised from the public amid an emerging trend of corporate failures after raising funds from the public through equity and bond issues.
The EastAfrican understands that the latest spate of corporate failures, spreading jitters within the investment fraternity, has also elicited debate on the adequacy of corporate disclosures, the role of transaction advisory firms and the oversight role played by regulators to safeguard investor interest in capital raising initiatives.
