Kenya: Mumias Sugar Shareholder Demands CMA Explain Prolonged Suspension of Shares

A Mumias Sugar Company shareholder has demanded that the Capital Markets Authority (CMA) explain why trading in the company’s shares remains suspended and what is being done to resolve the situation, and has given it 14 days to provide the requested information and clarification.

Lawyers representing the shareholder have written to the CMA, saying the prolonged suspension has left investors unable to trade their shares while receiving limited information about the future of their…