The Capital Markets Authority, Kenya (“CMA”) in partnership with FSD Africa, invites proposals from qualified consultancy firms (“the Consultant”) to support the development of the Second Capital Markets Master Plan (CMMP 2.0) for Kenya’s capital markets (“the Services”). The assignment will provide technical and strategic support to design a modern, actionable, and evidence-based roadmap that will guide capital markets development over the next decade.

The Services will involve (among other things):

1. Extensive consultation with policymakers, regulators, market intermediaries, issuers, investors, and other stakeholders.
2. Development of a comprehensive 10-year CMMP 2.0 that is practical, forward-looking, and aligned with national priorities and international best practice.
3. Preparation of a sequenced and costed implementation framework and resource mobilisation strategy.
4. Design of a comprehensive monitoring, evaluation, and risk management framework.
5. Development of a capacity-building and knowledge-transfer plan to support long-term execution.