Overview
- Act: Capital Markets Act, Cap 485A
- Formed: 1990
- CEO: Mr. Wyckliffe M. Shamiah
- X (Twitter)
The Capital Markets Authority (CMA) of Kenya was established under the Capital Markets Act, Cap 485A in 1989 and began operations in 1990. It regulates and develops Kenya’s capital markets, ensuring investor protection, fair trading, and market stability. CMA licenses and supervises market intermediaries, including stockbrokers, investment banks, and fund managers. It also oversees the Nairobi Securities Exchange (NSE) and Collective Investment Schemes. The authority promotes market transparency, innovation, and investor confidence to support economic growth by facilitating capital mobilization for businesses and the government.
CEO: Mr. Wyckliffe M. Shamiah
Mr. Shamiah holds a Bachelor’s in Economics and Mathematics from Egerton University and an MBA in Finance from the University of Nairobi. A Certified Public Accountant, he has over 23 years of experience at CMA, previously serving as Director of Market Operations. He has held various senior roles in compliance, market supervision, and risk management.
Management Team
Wyckliffe M. Shamiah
Chief Executive Officer
Luke Ombara
Director, Policy and Market Deepening
CS. Hellen Ombati
Director, Legal Affairs & Corporation Secretary
Esther Maiyo
Director, Internal Audit
Daniel Warutere
Director, Market Operations
Solomon Kirwa
Director, Technology Research & Knowledge Management
John Njoroge
Snr Manager, Finance
Mathew Mukisu
Snr Manager, Derivatives
Samuel Njoroge
Snr Manager, Investor Education Public Awareness
Andrew Muthabuku
Snr Manager, People & Culture
James M. Kivuva
Snr. Manager Strategy, Risk and Projects
Jeremiah Yego
Principal Supply Chain Management Officer – Head of Procurement
Esther Manthi
Snr Manager – Investigation & Enforcement
Wilberforce Ong’ondo
Snr Manager, Research, Data Analytics and Knowledge Management
Evelyn Mbithi
Snr. Manager Market Supervision
Jairus Muaka
Snr Manager Policy and Regulatory Framework
Board of Governors
Ugas S. Mohamed
Chairman
Wyckliffe M. Shamiah
CEO
CPA John Mbadi Ng’ongo
CS National Treasury
Dr. Kamau Thugge
CBK Governor
Musa Kathanje
Alt to the C.S National Treasury
Christine Kanini
Alt to the Hon. Attorney General
David Luusa
Alt to the Governor, CBK
Gibson Kimani Maina
Member
Natasha Awuor Aduwo
Member
Elena Natalia Pellegrini
Member
Meshack Moses Kiprono
Member
Prof. Michael Bowen
Member
CS. Hellen Ombati
Director, Legal Affairs & Corporation Secretary
Nicholas K. Ngarua
Member
Dorcas Agik Oduor
Attorney General
Functions
- Regulation of Capital Markets – Supervises and regulates capital market activities to ensure fair, efficient, and transparent operations.
- Licensing and Supervision – Grants licenses and oversees market intermediaries like stockbrokers, investment banks, and fund managers.
- Investor Protection – Ensures investor confidence by enforcing fair trading practices and preventing fraud.
- Market Development – Promotes innovation, new products, and market expansion to enhance investment opportunities.
- Enforcement of Compliance – Monitors compliance with capital market laws and takes action against violations.
- Facilitation of Capital Raising – Supports businesses and the government in raising funds through securities issuance.
- Oversight of Market Infrastructure – Regulates the Nairobi Securities Exchange (NSE), Central Depository & Settlement Corporation (CDSC), and other platforms.
- Education and Awareness – Conducts investor education programs to promote financial literacy and informed investing.
- Policy Advisory to Government – Advises on policies and regulations to foster a robust capital market environment.
- Promoting Corporate Governance – Encourages good governance, transparency, and accountability among listed firms and market participants.
Important Links
Address & Contacts
- Capital Markets Authority, Embankment Plaza, 3rd Floor Longonot Road, off Kilimanjaro Avenue, Upperhill
- P.O Box 74800 – 00200 Nairobi, Kenya
- corporate@cma.or.ke
- +254 20 2264000 | +254 20 2264900 | +254 20 2221869