Kenya Bankers, CMA to Collaborate on Research and Policy Initiatives

The Capital Markets Authority (CMA) and the Kenya Bankers Association (KBA) have signed a Memorandum of Understanding (MOU) on research, data sharing and stakeholder engagement that will promote the financial sector.
The two organizations have committed to champion industry development through advocacy and promoting investor education and Awareness.
The low uptake of capital markets products and services will also be addressed through synergies designed to explore how the banking industry, being a major participant in the capital markets, can address both issuer and product dynamics, as well as, identify financing solutions for alternative infrastructure.
The KBA Chief Executive, Dr. Habil Olaka said “This collaboration will explore opportunities for stimulating activity in the banking industry and capital markets through Fintech innovation as we seek to deepen financial inclusion and ultimately further sustainable economic development.” 
“For years KBA has been the preeminent source of banking industry research and the Association has led discourse on policy matters, through this partnership we will be able to leverage our expertise and resources to contribute to broader financial sector growth, anchored on the development of our capital markets.”
The CMA Chief Executive, Mr. Paul Muthaura observed, “The signing of the MOU with KBA is aligned to the CMA Strategic Plan, 2018-2023, under its objective of Enhancing Strategic Influence. This encapsulates several key initiatives, including the need to engage with stakeholders to ensure deepening of the market and to build strategic alliances with domestic and international partners.”