The Capital Markets Authority of Kenya (the Authority) has been receiving policy incentives from the national government which are intended at boosting growth, innovation and investor confidence. To inform strategic policy initiatives going forward, the Authority intends to conduct a study to establish the level of uptake for the incentives introduced in the Kenyan capital markets sector. The study will explore ways to make policies more favourable to spurring growth in the capital markets, such as simplifying access to capital, offering targeted financial literacy programs and ensuring more inclusive investment opportunities. The study also seeks to assess the impact of these policies and identify the factors hindering adoption.

To this effect, the Authority with the support of FSD Africa wishes to engage a consultant to carry out a market study on the effectiveness of capital markets policy proposals and incentives implemented since 2010.

The findings will inform improvements to regulatory frameworks, aiming to enhance inclusivity and ensure better participation from underrepresented groups, ultimately contributing to the development of a more dynamic and accessible capital markets.