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Kenyan investment firm, Kweli Capital, has acquired a majority stake in brokerage Old Mutual Securities Ltd (OMS), the companies said in a statement, marking the technology-driven company's strategic expansion into regulated financial services.
The acquisition will see Kweli Capital take over the Nairobi-based brokerage from the Old Mutual Group. The move positions the firm at a place where it will build a full-service investment bank targeting East Africa's growing capital markets.
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