Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Muthaura has served notice of his intention not to seek a second four-year term when his contract expires on 01 January 2020/FILE

Jobs

Muthaura to exit CMA in January 2020

Muthaura has served notice of his intention not to seek a second four-year term when his contract expires on 01 January 2020/FILE

NAIROBI, Kenya, Jul 26 – Capital Markets Authority (CMA) Chief Executive Paul Muthaura is planning to exit the government financial regulatory agency early next year.

In a statement, CMA’s board says Muthaura has served notice of his intention not to seek a second four-year term when his contract expires on 01 January 2020.

Since joining the Authority in 2005, Muthaura has served in different roles including as CEO which he took over in 2012 initially under acting capacity.

“During Muthaura’s tenure as Chief Executive, CMA has been feted as the Most Innovative Capital Markets Regulator in Africa four years in row, 2015-2018, and for its Outstanding Contribution to Capital Markets Stability Africa in 2018,” Ndegwa said.

Ndegwa added that   Muthaura has been instrumental in leading the team at the Authority in positioning Kenya in the regional and global capital markets arena.

This was done through enhancing the regulatory and legal framework, expanding the scope of capital markets products, and ensuring that Kenya attains the ambition of the 10-year Capital Markets Master Plan (2014-23) to become the heart of African capital markets.

The Board’s Chairman James Ndegwa assured the capital markets industry that the Board will coordinate the process of recruiting its next Chief Executive with a view to ensuring a smooth transition.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...