CMA Chairman to position capital markets to support National Government Agenda
Nairobi, 03 March 2023… The new Capital Markets Authority (CMA) Board Chairman, Mr. Ugas Sheikh Mohamed, has promised to position the Authority to support the National Government’s Development Agenda. The chairman also introduced the new independent directors namely; Prof. Michael Bowen, Mr. Meshack Moses Kiprono, Natalia Aduwo, Elena Pellegrini and Mr. Gibson Kimani Maina.
Mr. Mohamed thanked His Excellency the President for the appointment as CMA Chairman, pledging to ensure that the Authority supports and facilitates the agenda of the National Government.
Mr. Mohamed said ‘I will work closely with the CMA Board, Industry, Government and other stakeholders to take the Authority to the next level to ensure the capital markets play their pivotal role in facilitating enhanced economic growth and development’.
He acknowledged that his appointment was at a time when the market was experiencing a bear run which has been on for several years now, and the Government is really looking at ways of revitalizing the capital markets.
The CMA Chairman thanked those who came before him and laid the foundation of capital markets in Kenya and the Government through the National Treasury and Economic Planning.
BACKGROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY