Implications of the Capital Markets (Amendment) Act, 2025 for ownership thresholds in Kenya’s capital markets
Previously, shareholding limits were embedded directly in section 29 of the CMA Act and could only be changed through legislative amendment. This provided certainty but limited regulatory agility, particularly in responding to evolving market structures, new investment models and..
✨ Key Highlights
Kenya's Capital Markets (Amendment) Act, 2025 has significantly altered ownership thresholds for capital markets intermediaries, moving from fixed statutory limits to a more flexible regulatory framework.
- The Act repeals previous statutory ownership restrictions, specifically the 25% threshold.
- Ownership limits will now be prescribed through regulations by the Cabinet Secretary in consultation with the Capital Markets Authority (CMA).
- This change aims to facilitate investment, recapitalisation, and growth by allowing for tailored ownership rules, but introduces a period of uncertainty until new regulations are published.
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Mumias Sugar Shareholder Wants Answers on NSE Trading Suspension - September 2026
A Mumias Sugar Company shareholder is demanding answers from the Capital Markets Authority (CMA) regarding the nearly seven-year suspension of the company's shares on the Nairobi Securities Exchange (NSE). The High Court has temporarily halted the sale of Diageo's controlling stake in East African Breweries (EABL) to Japan's Asahi Group Holdings, pending regulatory reviews. Kenya's Capital Markets (Amendment) Act, 2025 has significantly altered ownership thresholds for capital markets intermediaries, moving from fixed statutory limits to a more flexible regulatory framework.
