The Capital Markets (Investment-Based Crowdfunding) Regulations
15. Prohibited issuers
15. Prohibited issuers
The entities listed below are prohibited from raising funds through a crowdfunding platform—(a)public listed companies and their subsidiaries;(b)entities with a poor governance record;(c)entities that intend to use the funds raised to provide loans or invest in other entities; and(d)any other entity as may be specified by the Authority.(B) Investors
Source: Kenya Law