Kenya Commercial Bank (KCB) and Equity Group will be required to sell at least 30 percent of their stakes in their Democratic Republic of Congo (DRC) subsidiaries as is required under Instruction 18. According to DRC’s central bank (Banque Centrale du Congo (BCC)), banks operating in the country should have at least four unrelated shareholders,...
Trending
- Afreximbank launches $3 billion revolving facility for oil players
- Four Kenyans wanted by Nigerian authorities for CBEX hack
- IMF tough rules for Kenya’s new loan
- ARC Ltd and Klapton Re join forces to expand climate insurance across Africa
- Investors snub Ethio Telecom’s IPO, taking only 10.7 percent of shares offered
- Ruto bags $823 million in China
- Kenya’s KCB, Equity Bank to sell 30 percent stake in Congo subsidiaries
- Breaking: U.S cancels Kenya tour, after Ruto visit to China