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The firms include CPF Capital & Advisory, SBG Securities, Francis Drummond & Company, National Bank of Kenya, Sterling Capital, Kestrel Capital and AXYS Investment Bank.
The move marks the first transaction of its kind since Kenya issued its Policy Guidance Note on Global Depositary Receipts and Global Depositary Notes
The Capital Markets Authority (CMA) has approved a Global Depository Receipt (GDR) for Kenyan investors to join the Dangote Petroleum Refinery & Petrochemicals (DPRP) initial Public Offering (IPO).