NAIROBI, Kenya, July 1 – Rock Investment Bank has acquired a 60 percent stake in Nabo Capital from Centum Investment Company, making it the majority shareholder in the investment management firm.
Following the transaction, Centum will retain a 40 percent stake, with Nabo Capital ceasing to be its subsidiary and instead being accounted for as an associate company.
Centum did not disclose the financial value of the deal.
The company said the partnership will combine Nabo Capital’s investment management expertise with Rock Investment Bank’s capital markets capabilities and distribution network to support future growth.
“Following this development, Nabo will cease to be a subsidiary of Centum and will become an associate company, with Centum retaining a 40 percent shareholding,” Centum said in a statement.
“Centum remains fully committed to Nabo and is pleased to continue as a significant shareholder alongside Rock Investment Bank.”
According to the company, the three firms will work together to grow assets under management, expand investment products and strengthen Nabo Capital’s presence in Kenya and the wider region.
The transaction was announced in line with the Capital Markets (Public Offers, Listing and Disclosures) Regulations, 2023, and approved by the Capital Markets Authority (CMA).
