Business & Economy3 stories from 2 sources
Stanbic Holdings Plc is reportedly in discussions to acquire NCBA Group Plc, a potential merger that would create Kenya's third-largest lender with approximately KSh 1.1 trillion in assets. Separately, NCBA Bank Kenya has sponsored 110 Kenyan Small and Medium-sized Enterprise (SME) customers on a 12-day business trip to China to expand trade opportunities. In another deal, Bima Holdings Ltd, an investment vehicle associated with the owners of Quick Mart, has received regulatory approval from the Competition Authority of Kenya (CAK). The approval is for the acquisition of Minet (Mauritius) Holdings Ltd. This acquisition marks an expansion of Adenia Partners' financial services portfolio into Kenya's insurance brokerage and pension administration sector.
Bima Holdings Ltd, an investment vehicle associated with the owners of Quick Mart, has received regulatory approval from the Competition Authority of Kenya (CAK) to acquire Minet (Mauritius) Holdings Ltd. This acquisition marks the expansion of Adenia Partners' financial services portfolio in Kenya through the insurance brokerage and pension administration firm.
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