@StandardMedia

Mauritius' SBM Holdings to take 75 per cent of Chase deposits, liabilities

5 days ago, 23:15

By: Reuters

Mauritius’ SBM Holdings will acquire 75 per cent of the value of certain deposits of Chase Bank plus matched liabilities, the Central Bank of Kenya (CBK) said on Friday. The CBK has been seeking a strategic investor for Chase, which has been under receivership since April 2016 after failing to meet its financial obligations. The Central Bank said last week that SBM Holdings had made a binding offer for some of the bank’s assets and liabilities. “We are in the home stretch,” CBK Governor Pat ...
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Category: business news

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@StandardMedia

Mauritius' SBM Holdings to take 75 per cent of Chase deposits, liabilities

5 days ago, 23:15

By: Reuters
Mauritius’ SBM Holdings will acquire 75 per cent of the value of certain deposits of Chase Bank plus matched liabilities, the Central Bank of Kenya (CBK) said on Friday. The CBK has been seeking a strategic investor for Chase, which has been under receivership since April 2016 after failing to meet its financial obligations. The Central Bank said last week that SBM Holdings had made a binding offer for some of the bank’s assets and liabilities. “We are in the home stretch,” CBK Governor Pat ...
Read More

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@BusinessDaily - By: Kiplagat Edwin
Ethiopian Airlines acquires 45pc stake in Zambia Airways

Zambia set to revival national carrier after more than two decades. ...

Category: business news corporate lifestyle economy opinion markets
15 hours ago, 13:09
@TheEastAfrican - By: Business Daily
Safaricom hits $11.7bn value in New Year rally

The company’s stock has risen 10 per cent in the first two weeks of the year. ...

Category: business topnews news
5 hours ago, 23:05
@StandardMedia - By: Macharia Kamau
8 firms in waiting to clinch oil pipeline tender

Prequalification of companies for design work sets the stage for construction scheduled for next year. ...

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5 hours ago, 23:05
@StandardMedia - By: Dalton Nyabundi
Former employees of struggling retailer Nakumatt to open new Supermarket

The outlet, which is undergoing final preparations for the launch, will employ 20 former stewards and cashiers. ...

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