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| SBG Securities Limited’s chief executive Nkoregamba Mwebesa |
NAIROBI, KENYA: Dealing in shares and stocks in Kenya started in the 1920s when the country was still a British colony. However, the market was not formal as there did not exist any regulations to govern stockbroking activities.
Trading took place on the basis of a “gentleman’s agreement”. Standard commissions were charged, with clients obligated to honour their contractual commitments.
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