NAIROBI (Xinhua) --
Kenya plans to put in place reforms to
attract foreign capital inflows, an official said on
Markets Authority (CMA) CEO Paul Muthaura told a
regional financial forum in Nairobi that Kenya is yet to
attract substantial offshore funds despite the high
returns available, lower risk sovereign debt and huge
infrastructure funding needs.
implement appropriate local policy and regulatory
reforms that will address the real or perceived risks of
investing in the financial markets,” Muthaura said.
we are seeking to proactively respond to the
expectations of both local and international investors
to seize the opportunity and take advantage of Kenya’s
dynamic markets that present above-average opportunities
for investment growth,” he said during the launch of the
release of the Africa Financial Market Index (AFMI
said the reforms will ensure access to reliable and
robust information from the capital markets.
depressed returns in developed markets are driving a
significant resurgence in interest in emerging markets
such as Kenya.
The CEO said
yield demands as well as investment flow levels are
heavily influenced by the perception of risk and the
de-risking pressures arising from regulatory reform.
African nation’s Capital Markets Master Plan envisions
that its capital markets will in the next ten years
become sufficiently deep and dynamic to stimulate
domestic development, while providing a gateway to
Middle Africa for regional and international capital
market regulator hopes that by 2023, Kenya will have
been transformed into a choice market for domestic,
regional and international issuers and investors.