Treasury Cabinet Secretary Ukur Yatani has appointed a steering committee to implement the Kenya Capital Markets Master plan.
This follows plans to make Kenya the heart of capital markets financing in Africa and support Nairobi’s establishment as an International Financial Centre.
Treasury has appointed members to the committee
Members appointed by Treasury to this committee will consist of the Attorney General, Cabinet Secretaries for Agriculture, Livestock and Fisheries; Petroleum and Mining; Secretary/CEO-Commission on Revenue Allocation, Governor of Central Bank of Kenya; Executive Director/CEO Privatization Commission, Chairman-Nairobi National International Financial Centre Authority; Director-General Communications Authority of Kenya and Director General-Kenya Vision 2030 Delivery Secretariat.
The committee will have overall responsibility for oversight in the implementation of the Kenya Capital Markets Master Plan. They will also facilitate the plan’s alignment with Nairobi International Financial Centre and making Kenya the heart of capital markets financing in Africa.
The treasury team will also direct CMA Board to appoint a task force and relevant units to execute the Master Plan.
It will also have direct consultations with government ministries, departments and agencies, capital markets experts, professional bodies, academics and other stakeholders to execute the plan.
In a gazette notice dated 8th June 2021 and signed by CS Yatani, the steering committee secretariat shall be housed at CMA head offices and be in office for five years renewable with effect from 1st January 2021.
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