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Capital Markets Authority moots new rules for SMEs to raise cash online

Small Medium Enterprise (SME's) stalls along Kigali road in Nairobi [Wilberforce Okwiri, Standard]

Small businesses and start-ups can now raise funds to start or expand their operations through online or mobile platforms.

This is after the Capital Markets Authority (CMA) came up with regulations for crowdfunding - opening up yet another source of capital for the millions of micro, small and medium enterprises that have had difficulties accessing credit from banks due to their high risk.

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