New law to enhance corporate governance in Kenya

A trader monitors stocks at the Nairobi Securities Exchange. FILE PHOTO | NATION

Kenya has moved to strengthen the capital markets regulatory framework to protect investors from increasing cases of malpractices.

President Uhuru Kenyatta has assented to Capital Markets (Amendment) Bill 2018 that among other things, will help the markets regulators deal with corporate governance, embezzlement of investor funds, front running and provision of misleading information.