Capital markets Authority leadership meet the DPP to foster collaboration

November 28, 2024

The Capital Markets Authority (CMA) paid a courtesy call to the Director of Public Prosecutions (DPP) aimed at strengthening the relationship between the CMA and the ODPP in a bid to foster transparency and integrity within Kenya’s capital markets sector.

The CMA officials, led by the Authority’s chairman Mr. Ugas Mohamed, and CEO Mr. Wyckliffe M. Shamiah, discussed issues relating to the enforcement of capital markets regulations, particularly those involving financial crimes, fraud, and market manipulation. They emphasized the importance of upholding the rule of law and ensuring that perpetrators of financial misconduct are held accountable.

The DPP, welcomed the partnership, recognizing the vital role of the CMA in maintaining a fair and stable financial environment. He reiterated the commitment of his office to continue collaborating with the CMA in the fight against economic crimes that undermine public confidence in the country’s financial systems.

The meeting also highlighted ongoing efforts to streamline processes for the swift prosecution of cases related to the capital markets. Both institutions agreed on the need for continued information sharing, capacity building, and proactive measures to protect investors and the broader economy from illegal activities in the market.

The Capital Markets Authority reaffirmed its commitment to working closely with ODPP to create a more secure and transparent investment environment, while also ensuring that those who breach capital markets laws face the full force of the law.

Mr. Alloys Kemo is the Deputy Director in the Department of Prosecution Training Institute (PTI). Mr. Kemo is an Advocate of the High Court of Kenya and was admitted to the bar on 1995. He holds a Master’s of Science in Leadership & Governance from Jomo Kenyatta University of Agriculture and Technology (JKUAT) , LLB Degree from Nagpur University, and a postgraduate diploma in Law from the Kenya School of Law.

Mr. Kemo has previously served as a Regional Head, Coast Region between 2019 to 2021 before heading to Rift Valley as a Regional head. He has also served as a deputy head in the Department of offences against the person and Head of the Penal Code Offences Division between 2013 to 2018 at the Office of the Direction of Public Prosecutions.

He has also been a member of several committees that developed key prosecution policies and guidelines such as; the ODPP Act of 2012, National Prosecution guidelines, the Diversion policy, Diversion guidelines, the Plea bargain guidelines and The Decision to Charge guidelines amongst others. He also attended several prosecution courses in various thematic areas and in management and in Leadership.

Mr. Kemo has vast experience electoral Justice and lead the ODPP Election Offences Prosecution Team in the 2017 National General Elections and also the ODPP Election Preparedness Committee in the 2022 National General Elections. He is a trainer and has facilitated external trainings and also internal training for ODPP staff.

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Capital markets Authority leadership meet the DPP to foster collaboration

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