28 November 2012

Kenya: CMA and Accounts Body Sign Partnership

CAPITAL Markets Authority and the Association of Chartered Certified Accountants have partnered to improve financial literacy in the country to help the public and investors make informed choices on investments.

The two yesterday signed an agreement under which ACCA will run several several projects to boost the level of understanding of financial issues.

"Investor education has been identified as a key mandate to support the development of capital markets in our country. Creating awareness increases financial literacy and confidence which leads to more informed participation in our capital markets," said acting CMA chief executive Paul Muthaura.

The two year deal will see the two institutions partner in improving financial reporting among investment clubs, training media to enhance their understanding of financial reports, and collaborations on research and publications on the capital market.

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