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Brokerage firms to merge operations

NSE Market watch board during ringing of the bell ceremony at Nairobi securities Exchange in Nairobi. [Jonah Onyango/Standard]

AIB Capital and ApexAfrica Capital are set to merge their Kenyan businesses.

In a joint statement yesterday, the two firms yesterday said a binding agreement had been signed by their shareholders that will see their stock brokerage, bond trading, research and corporate finance businesses merged.

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