CBA-NIC merger

Kenya central bank approves merger of lenders NIC, CBA Group

Kenya central bank approves merger of lenders NIC, CBA Group

Kenya’s central bank said on Friday that it had approved the merger of Commercial Bank of Africa and NIC Group, making it the second major merger in the sector this year. The central bank said in a statement in Nairobi that following the merger, effective Oct. 1, 2019, all subsidiaries would operate under a non-operating […]