This archive report was first published on 9 September 2021.
On September 9, 2021, EGM Securities, a subsidiary of the global Equiti Group, announced a corporate partnership with Sterling Capital, a leading investment bank in Kenya for equities and fixed income trading in the Nairobi Securities Exchange (NSE).
The partnership aims to provide Kenyans with global trading opportunities for top-performing global stocks, indices, and commodities like gold and oil. This move comes as the global economic recovery gains momentum, with oil demand expected to increase by roughly 5% in the second half of 2021.
Positive global market sentiment, driven by recent all-time highs of the S&P500, NASDAQ, and other global stock indices, has increased investor appetite and demand from Kenyans seeking global investment opportunities. The global technology sector has shown a strong growth trajectory, with stocks like Shopify, Intel, Google, Alphabet, and Microsoft delivering consistently high returns.
Samwel Kiraka, CEO of EGM Securities, said: “The global markets provide Kenyans with great trading opportunities for investment returns. We are very pleased to partner with Sterling Capital to provide global trading opportunities to Kenyans.”
David Ngaine, CEO of Sterling Capital, added: “We are excited by the prospects of our new partnership with EGM Securities to expand the range of investment options for our clients. Sterling Capital will benefit significantly from EGM Securities’ global experience as a multi-asset online trading broker.”
EGM Securities was the first non-dealing online forex broker to be licensed by the Capital Markets Authority and the first to offer derivative contracts on the Nairobi Securities Exchange Derivatives Market. Sterling Capital is a leading investment bank in Kenya and has been formally recognized as the best investment bank in Kenya by the Global Banking and Finance Magazine for the past two consecutive years.
