John Ngumi, alongside four partners, birthed the Loita Capital Partners Group in 1994. Between 1994 and 1997, LAM emerged as a big force in Kenya’s capital markets. That was a tough time.”Despite the failure, Loita is largely credited with shaping up Kenya’s financial markets. He later reunited with some of his former partners, including Wanjiku Mugane and Jane Muigai-Briggs to form Eagle Africa Capital Partners based in Nairobi’s Westlands. He said his interest in investment banking was fuelled by two colourful personalities – Sir Siegmund Warburg and Michael von Clemm –high-end financiers who reshaped world investment banking and grandmasters of the old-style merchant banking tradition.

Source: Standard Digital July 20, 2021 06:33 UTC