The Capital Markets Authority is an independent public agency established by an Act of Parliament, Cap 485 A under the Ministry of Finance. The Authority was inaugurated in 1990 but came into being in December 15, 1989 when the Act was passed.
The CMA is therefore a regulating body charged with the prime responsibility of supervising, licensing and monitoring the activities of market intermediaries, including the stock exchange and the central depository and settlement system and all the other persons licensed under the Capital Markets Act. It plays a critical role in the economy by facilitating mobilization and allocation of capital resources to finance long term productive investments.
Our East Africa practice comprises Kenya, Uganda, Tanzania and Rwanda, which together comprise the KPMG East Africa firm that has 15 partners and over 600 professional staff. The Nairobi office serves as the regional co-ordinating office providing the required networking to facilitate delivery of services on a timely basis to meet and exceed our clients’ expectations.
KPMG’s involvement in Kenya goes back to 1949 when we operated as Angus, Lawrie and Jeremy. In 1965, the name changed to Peat Marwick, Mitchell and Co. We operated as such until 1989, when, as a result of the international merger between Peat Marwick International and Klynveld Main Goerdeler, KPMG was created.
Regional expansion came in 1995 with the setting up of offices in Dar-es-Salaam and Kampala. Within a short period, KPMG gained recognition as a leading provider of audit, tax and advisory services throughout the East Africa region.
KPMG provides services in Eastern Democratic Republic of Congo, South Sudan, Somalia (Hargeisa) as well as Ethiopia.
Stodacom is one of the largest independent corporate investigations and risk consultancy firm based in Kampala, Uganda. Stodacom was founded in 1999 by Stodart Musika.
The Company has interests in over 23 African countries and focuses on four regions: East Africa, West Africa, South Africa and North Africa. The company has works directly from four continents and other developing countries, known ones include Kenya, South Africa, Nigeria and Egypt.
Stodacom Ltd currently serves 86% of the African countries direct majorly in due diligence, business intelligence, political risk analysis, high quantum insurance claims and high level background checks.
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