Kuramo Capital Management, LLC agreed to acquire 73.35% stake in GenAfrica Asset Managers from Centum Investment Company Limited (NASE:ICDC) on March 20, 2018. The agreement is subject to approval from Competition Authority of Kenya, obtaining consent and/or no objection from the Capital Markets Authority of Kenya for the change in shareholding of GenAfrica and providing notifications to the Capital Markets Authority of Uganda, Retirement Benefits Authority of Kenya and the Retirement Benefits Authority of Uganda.