This archive report was first published on 8 June 2020.
On June 8, 2020, Genghis Capital, a Kenyan-based stockbroker, announced a significant partnership with EGM Securities, the country's first licensed online non-dealing forex broker.
Through this collaboration, Genghis Capital will expand its services to include a broader range of alternative asset classes offered by EGM Securities, such as online currencies, commodities, global indices, precious metals, and oil, as well as global stocks.
EGM Securities is part of the Equiti Group, a global company with locally regulated subsidiaries across the world, including Equiti Capital, which is regulated by the Financial Conduct Authority (FCA) in the UK.
According to Mr. Samwel Kiraka, CEO of EGM Securities, the partnership aims to make Genghis Capital the premier provider of multi-asset products in Kenya, East Africa, and the rest of Africa.
"Our ambition is to be the premier provider of multi-asset products in Kenya, East Africa and the rest of Africa. We will achieve this by partnering with well-respected corporates such as Genghis," said Mr. Samwel Kiraka, CEO of EGM Securities.
