Regulations for the Real Estate Investment Trusts, a new capital markets instrument, are expected to be gazetted before March 4, raising hopes for creation and listing of Reits schemes for the first time in Kenya. The Capital Markets Authority’s acting chief executive Paul Muthaura said yesterday that the Reits framework has been finalised and submitted to the Finance minister who is now expected to gazette them before his term ends. “Our hope is that the regulations will be enacted before the term of the current government is over,” said Muthaura...
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