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CMA eyes acquisitions to unlock IPO drought at Nairobi bourse

CMA Chief Executive Wycliffe Shamiah. [File, Standard]

The Capital Markets Authority (CMA) is set to licence Special Purpose Acquisition Companies (SPACs) to unlock a decade-long drought of public offerings at the Nairobi bourse.

CMA Chief Executive Wycliffe Shamiah said in Nairobi yesterday the regulator is reviewing regulations on public offers, listing and disclosures as well as those regulating private equity firms to ease the listing process for firms.

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