KA-INVESTOR
I’ve read (here and here) that a Kenyan stockbrokerage firm, Discount Securities Ltd., has been placed under KPMG’s management for what is now called “corporate governance challenges”. There have been several complaints against this stockbroker for a while now. It comes as no surprise that they been placed on what I can simply term as a ‘friendly’ statutory management.
And they are not the only ones, other players are also rumored to be in financial distress. Is this market going down due to the players inefficiencies and crooked ways of cartels?
