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{
    "id": 450110,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/450110/?format=api",
    "text_counter": 210,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "The demutualization of the Nairobi Securities Exchange which has been long overdue is now nearing completion. In order to ensure finalization of this important exercise, I propose to amend the law to set the minimum shareholding of the exchange at five (5) by the Government and Investor Compensation Fund, respectively. Going forward, I have also directed the Capital Markets Authority to provide policy proposals, including institutional reforms to improve competitiveness of the capital market in Kenya, consistent with the Capital Market Master Plan that was recently launched."
}