Rock Investment Bank has acquired a majority stake in Nabo Capital Limited, meaning Nabo Capital will no longer sit within Centum’s group of subsidiaries.
Instead, it will become an associate company, with Centum holding on to a 40% stake and stepping back into the role of strategic shareholder rather than parent.
Centum said its interest in Nabo’s future hasn’t waned, and that it remains committed to the business for the long haul and will keep backing it, now working alongside Rock Investment Bank as a fellow shareholder.
Nabo Capital has spent years building investment management know-how and a loyal client base. Rock Investment Bank adds deep experience in capital markets, established systems, and a wide distribution reach.
Together, the three institutions say they intend to push Nabo Capital onto a faster growth trajectory growing assets under management, widening its product shelf, strengthening how it reaches clients, and cementing its standing as one of the region’s leading investment managers.
“The collaboration is also expected to deliver innovative investment solutions for clients while supporting the continued development of Kenya’s capital markets,” said Centum.
