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{
    "id": 863295,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/863295/?format=api",
    "text_counter": 173,
    "type": "speech",
    "speaker_name": "Kiharu, JP",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": {
        "id": 13370,
        "legal_name": "Samson Ndindi Nyoro",
        "slug": "samson-ndindi-nyoro"
    },
    "content": " Thank you very much, Hon. Speaker. I will be very brief. I support the Motion but I would wish to point out some few matters in regard to the state of the capital market in Kenya. It is notable that for the last several years, most of the players in the stock markets and the capital markets have actually been making losses. The stock market in Kenya currently is shrinking. We are having more companies delisting from the Nairobi Security Exchange than the companies that are going through the listing. Because of this, we have seen the volumes and the turnovers in the stock market going down, basically because the size of the companies listed is below 60. Just this year, we went through a delisting of a company called Unga Group. There is live news of a company called Kenol which is a listed company and is being bought by a French company and it will go through the fate of delisting or exiting from the stock market. I can authoritatively tell you that even our Capital Markets Authority (CMA) is sleeping on its job when it comes to promoting the capital markets and specifically the stock markets as an avenue of investment. The information level with regard to investing in the capital markets in Kenya is very low. That is one of the reasons why possibly we are having very few players trading in the stock market in Kenya."
}