ADVOKS GLOBAL · KENYA
The Capital Markets (Investment-Based Crowdfunding) Regulations
14. Fundraising limits
Edition: 2022-12-31 · In force
14. Fundraising limits
(1)The aggregate amount that may be raised by an eligible micro, small and medium enterprises or startup within a twelve months period shall be a maximum amount of Kenya shillings one hundred million.(2)A crowdfunding platform operator may apply to the Authority for a no-objection where an issuer seeks to raise more than the set maximum amount within the given duration.(3)The Authority may issue a no-objection to raise additional funds subject to such conditions as may be imposed from time to time.