This archive report was first published on 8 June 2020.
On June 8, 2020, Genghis Capital, a leading investment bank in Kenya, announced a groundbreaking partnership with EGM Securities, Kenya's pre-eminent online non-dealing forex broker by market share.
The partnership allows Genghis Capital to extend its services to clients, providing access to a broader range of alternative asset classes offered by EGM Securities.
These include online currencies, commodities, global indices, precious metals, and oil, as well as high-demand stocks such as tech stocks like Zoom, global banking stocks, pharmaceuticals, and biotech companies like Moderna and Gilead Sciences working towards a coronavirus vaccine.
According to Mr. Samwel Kiraka, CEO of EGM Securities, the partnership was made possible by the company's global presence and access to specialized teams that can efficiently develop bespoke solutions for banks and brokerage houses.
Mr. Kiraka emphasized EGM Securities' ambition to be the premier provider of multi-asset products in Kenya, East Africa, and the rest of Africa, achieved through partnerships with well-respected corporates like Genghis Capital.
Commenting on the partnership, Mr. Kenneth Minjire, Head of Securities for Genghis Capital, stated, 'Partnering with EGM Securities is a significant step for Genghis Capital.' He added that the partnership allows Genghis Capital to offer its clients the ability to trade for themselves in the global space and aligns with the company's vision to provide world-class investment options.
