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Barclays Africa to move into Kenyan asset management after $29M acquisition of Kenya First Assurance

Barclays Africa to move into Kenyan asset management after $29M acquisition of Kenya First Assurance

Barclays Africa Group plans to move into the asset management business in Kenya this year after reaching a deal on Wednesday to buy a majority stake in insurer Kenya First Assurance Ltd for 2.8 billion shillings ($28.84 million).