Africa in BusinessAfrica in Business

Proposal for Kenyan fund managers to make full disclosures of their clients who invest in corporate bonds

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INTRO: Kenya's financial sector regulators are looking into a proposal that will require fund managers, investment banks and stockbrokers to make full disclosures of their clients whose funds are invested in corporate bonds. Currently, fund managers pool together resources from several clients and make investments in corporate bonds as single investments and usually in their name, without disclosing the identities of the investors. The regulators say this will ensure bondholders of collapsed or defaulting issuers receive maximum compensation. Thami Ngubeni spoke to Dr Francis Sang, a Kenya-based economist.

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