Europe's leading investment banker, Renaissance Capital, Tuesday received a license to operate as a local investment bank in Kenya and said it would to target Zimbabwe and Nigeria as one of its key markets in Africa.
Major Investment Bank:
Renaissance Capital is a leading investment banking firm in Russia, Ukraine, Central Asia and Sub-Saharan Africa. The company has market-leading positions in each of its core businesses – -Mergers & Acquisitions
- Equity and debt capital markets
-Securities sales and trading
The company is wholly owned by employees and management and is part of the Renaissance Group.
Renaissance Capital is part of the Renaissance Group, an independent group of consumer finance, investment banking, asset management, merchant banking companies specializing in emerging markets. The Group began operations in Russia in 1995 and has since become the largest privately owned investment group.
Stephen Jennings, Renaissance Chief Executive Officer, said here the Kenyan license allowed the firm to set up its Africa regional headquarters in Nairobi, from where it invest an initial sum of 1 billion U.S. dollars in Africa's telecommunication sector.
Peek on fellow Bloggers and Newsportals:
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