This archive report was first published on 30 August 2019.
On August 30, 2019, the Capital Markets Authority (CMA) signed a Memorandum of Understanding with the Institute of Certified Investments and Financial Analysts (ICIFA) to enhance the skills of capital markets professionals.
The partnership aims to develop a pool of skilled professionals among capital markets practitioners and investments analysts, according to CMA Chief Executive Officer, Mr. Paul Muthaura.
Ms. Diana Muriuki, ICIFA CEO, stated that the partnership will help in enhancing the professional development of Investments and Financial Analysts and other capital markets industry players in Kenya.
Under the partnership, CMA and ICIFA plan to host joint events, including training sessions, workshops, seminars, joint conferences, and training sessions, to equip employees in the financial markets sector with the necessary skills.
As part of the agreement, employees in the financial markets sector are required to take part in the Continuing Professional Development (CPD) program to maintain and develop their knowledge.
The CPD program, which took effect on August 7, 2019, requires workers to undertake at least 35 hours of CPD annually, with CMA requiring compliance with the CPD requirements by December 31, 2020.
