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A trading curb (also known as a circuit breaker [1] in Wall Street parlance) is a financial regulatory instrument that is in place to prevent stock market crashes from occurring, and is implemented by the relevant stock exchange organization. Since their inception, circuit breakers have been modified to prevent both speculative gains and ...
This system is partly modeled on electrical networks such as power grids, which are typically well-integrated in order to prevent shortages due to unusually high demand for electricity in one part of the network, but that have circuit breakers in place to prevent damage to the network in one part of the grid from causing a blackout throughout ...
The Capital Markets Authority of Kenya (CMA) is a government financial regulatory entity responsible for supervising, licensing and monitoring the activities of the capital markets within the Republic of Kenya, market intermediaries, including the stock exchange, and the central depository and settlement system and all other persons licensed under the Capital Markets Act of Kenya.
The Kenyan High Court on Tuesday struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy.
An increasingly significant portion of Kenya's foreign financial inflows are remittances by Kenyans in the Diaspora, who work in the United States, the Middle East, Europe and Asia. [19] According to data by the Central Bank of Kenya, [ 20 ] remittances from Kenyans living abroad make up over 3.4 percent of the Gross Domestic Product (GDP).
By 2010 there were more than twenty large micro finance institutions in Kenya, which provided US $1.5 billion to approximately 1.5 million active borrowers. With over 100,000 clients, Equity Bank Kenya had the largest share of business loans representing market share of 73.50% followed by Kenya Women Microfinance Bank with 12.06%.
In Kenya there are estimated to be 300,000 chamas managing a total of KSH 300 billion (US$3.4 billion) in assets. [4] Chamas are known for their exclusivity. In order to join, new members are typically subjected to extensive interviews and must have assurances or guarantees made for them by an existing member. [ 5 ]
CMBKL is a private financial services provider in Kenya. It was awarded a microfinance banking license by the Central Bank of Kenya, on 13 May 2015. [ 1 ] [ 4 ] The institution was licensed as a community-microfinance bank, authorized to provide services in Kajiado North Constituency in Kajiado County .