Major crisis at Capital Markets Authority as chairman, directors, exit

From left: Privatisation Commission Board Member Mugambi Nandi, Investment Secretary Esther Koimett and Kung’u Gatabaki during a stakeholders’ workshop in Nairobi. [Photo: Courtesy]

By James Anyanzwa

Kenya: A major crisis looms at the Capital Markets Authority (CMA), following the exit of four directors including Chairman Kung’u Gatabaki. Among the four, one resigned while three others opted out after their contracts were not extended.