Brokers Apex, AIB Capital eye bigger deals with merger

AIB chief executive Paul Mwai during a 2015 event. PHOTO | DIANA NGILA

Brokerage houses Apex Africa Capital and AIB Capital have entered into an agreement to merge operations, the two firms announced in a statement on Thursday.

The deal, fronted by Mauritian-owned financial services, AXYS Group, is subject to regulatory approvals from the Capital Markets Authority and Competition Authority of Kenya.

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