Nairobi, July 20 -- Dealmaker Belgrad Kenne has been revealed as the majority owner of the investment firm that recently acquired a controlling 60 percent stake in fund manager Nabo Capital from Centum Investment Company for an estimated Sh271 million.

Company records show that Dr Kenne holds a 70 percent stake in Rock Investment Bank, equivalent to 1.75 million shares, with the remaining 30 per cent, or 750,000 shares, held by an entity known as Glamour City Limited.

Rock Investment Bank acquired the 60 percent stake in Nabo Capital at the end of June, ending Centum's majority ownership after more than a decade. The value of the transaction was not disclosed, but Nabo Capital had a fair value of Sh452.3 million as of March 2025, when C...