Kenyan capital markets to start trading asset-backed securities, commodities, and derivatives

Kenya plans to offer asset-backed securities on its capital market with local governments raising funds for projects and banks fashioning their mortgages into securities, the market’s regulator said on Friday.

Paul Muthaura, the acting chief executive of the regulator Capital Markets Authority (CMA), also confirmed that the bourse will start offering commodities and financial derivatives for trading, part of an overall plan to develop the market.

Read more: Kenya capital markets to start trading asset-backed securities | Reuters.

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