1.3: Enhance consumer education and literacy
In September 2017, the Authority engaged a consultant to conduct a Capital Markets Investor Behavioral and Opportunities Study which was completed in June 2018.
The study resulted in:
At the same time CMA together with other financial sector regulators, under the joint financial sector regulator forum, has partnered with Kenya Institute of Curriculum Development (KICD) to infuse financial sector terms into the school curriculum. So far:
The Authority developed and is implementing, through annual investor education action plans, a new Investor Education Strategy for 2018-2023 structured around core segments that are compartmentalized, broken down, and targeted separately / sequentially rather simultaneously to maximize the impact through forums, open days and exhibitions, roadshows and Capital Markets University Challenge programs.