@TheEastAfrican

Mauritius firm to take over 75pc of Chase Bank business

3 days ago, 12:06

By: Reuters

Mauritius’s SBM Holdings, a financial services company, will acquire 75 per cent of the value of certain deposits of Kenya’s Chase Bank plus matched liabilities, the Kenyan central bank said on Friday. In addition to banking, SBM Holdings has an asset management and stockbroking unit. It has a presence in Madagascar and India. The Central Bank of Kenya (CBK) has been seeking a strategic investor for Chase Bank, which has been under receivership since April 2016 after failing to meet its financia ...
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Category: topnews news business

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@TheEastAfrican

Mauritius firm to take over 75pc of Chase Bank business

3 days ago, 12:06

By: Reuters
Mauritius’s SBM Holdings, a financial services company, will acquire 75 per cent of the value of certain deposits of Kenya’s Chase Bank plus matched liabilities, the Kenyan central bank said on Friday. In addition to banking, SBM Holdings has an asset management and stockbroking unit. It has a presence in Madagascar and India. The Central Bank of Kenya (CBK) has been seeking a strategic investor for Chase Bank, which has been under receivership since April 2016 after failing to meet its financia ...
Read More

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Sheikh Gorsa to remain in custody for 30 days in terror probe

NAIROBI, Kenya, Jan 16 - The Muslim cleric whose arrest led to protests in Marsabit during which three people were killed, will remain in police custody fo - Kenya breaking news | Kenya news today | C ...

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