[Wilberforce Okwiri]The Capital Markets Authority (CMA) has admitted KOA Save Africa Limited and Moneto Ventures Limited to the Regulatory Sandbox. KOA Save Africa Limited has been admitted to the Regulatory Sandbox to test KOA App. Successful testing within the regulatory sandbox will ultimately enhance access, usage and the quality of products in the capital markets by leveraging technology,” CMA Chief Executive Wyckliffe Shamiah. Shamiah also observed that the Authority had surpassed its target of admitting five firms to the Regulatory Sandbox by 2023, as outlined in the Authority’s Strategic Plan 2018-2023. CMA recently published a report on the milestones it has achieved in the Regulatory Sandbox since its launch in March 2019.

Source: Standard Digital May 25, 2021 15:56 UTC