The Central Bank of Kenya (CBK) has authorized Nedbank Group to acquire up to 66% of the capital of NCBA Group, removing a regulatory hurdle for a transaction valued at approximately 116.3 billion Kenyan shillings (855.8 million USD). The authorization, granted on August 28 under the Banking Act, does not finalize the transaction. It remains...
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Kenya: Nedbank gets green light to take control of NCBA
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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