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New agency to guide struggling NSE firms

Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG

By  OTIATO GUGUYU

The newly formed Kenya Development Corporation (KDC) has signed a deal with the Capital Markets Authority (CMA) to offer advisory services to listed companies facing turbulent times.

The state agency said yesterday that the memorandum of understanding with regulator will see it take part in helping struggling firms at the bourse recover their footing.

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