Tenders Are Invited For Scoping Study On Regulatory Barriers And Gaps For Msme Financing In Kenyan Capital Markets

Tenders are invited for Scoping Study on Regulatory Barriers and Gaps for Msme Financing in Kenyan Capital Markets Scoping Report on Regulatory Barriers and Gaps for MSME Financing in Kenyan Capital Markets SD Africa seeks to commission a scoping study to examine market barriers that limit MSME financing through Kenyas capital markets. Kenyas markets are relatively advanced in the region and, in principle, could support scalable, local-currency MSME financing through listed and unlisted debt, collective investment schemes, private placements, receivables and supply-chain finance platforms, and structured products such as asset-backed securities. Despite MSMEs representing about 98% of businesses, generating over 30% of new jobs annually, and contributing roughly 40% of GDP, the uptake of MSMEfocused capital markets instruments remains low, and the financing gap persists. Existing regulatory frameworks for debt securities, ABS, private placements and receivables-based finance provide a starting point but are not yet enabling MSME products to scale. While various studies have explored elements of MSME finance in Kenya, none offer a comprehensive, Kenya-specific assessment of the capital markets framework across the full spectrum of available MSME-linked instruments. This scoping study is therefore intended to fill that gap by (i) taking stock of existing work and documenting successes, progress, failures and lessons, and (ii) conducting deep, instrument-level analysis to assess regulatory barriers and gaps, potential, latent demand and practical pathways to widespread adoption About FSD Africa FSD Africa is a specialist development agency established in 2012. It works to strengthen financial markets across Africa and mobilise long-term finance for sustainable and inclusive development. Based in Nairobi, FSD Africa works with governments, regulators, industry associations and market actors to support policy and regulatory reform, capacity development, market infrastructure strengthening and knowledge generation aimed at addressing systemic barriers to financial sector development. FSD Africa is funded by the UK Government and other partners, including the Gates Foundation Tender Link : https://www.developmentaid.org/#!/tenders/search