CMA mulls raising funds for Big 4 Agenda through REITS

May 30, 2018
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CMA CEO Paul Muthaura/FILE

, NAIROBI, Kenya, May 30 – The Capital Markets Authority is looking at how Real Estate Investment Trusts and Asset-Backed Securities can fund the Government’s Big four Agenda of affordable housing, universal health care, and food security. 

In its quarterly report, the CMA says it has aligned its priority focus areas to include opportunities and potential for Government and related entities to raise funds to finance these projects through the Capital Markets.

The CMA plans to focus on initiating the use of Islamic Capital Markets Products and Services to finance development projects and to exploit Green Bonds and Financing to support investments in manufacturing, agriculture, and infrastructure development.

Additionally, the CMA proposes to exploit the Growth Enterprise Market Segment of the Nairobi Securities Exchange via on-boarding SMEs in the manufacturing and production sectors and getting them listed.

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