Regulators Sanction Ex-Bank Execs, Approve Takeover, and Enforce New SIM Rules - November 2025

The Capital Markets Authority (CMA) has sanctioned former executives of Chase Bank Kenya Limited with heavy fines and market bans for breaches related to the bank’s 2015 Sh10 billion medium-term note program. This action follows an inquiry into violations contributing to the bank's collapse. Separately, the Competition Authority of Kenya (CAK) approved the acquisition of Mace Consult Holdings Limited by Consult Bidco Limited, stating the deal complies with merger regulations. Concurrently, new Kenyan SIM-card registration regulations have been introduced to curb identity theft and fraud. These rules replace the previous framework with stricter verification and have caused public concern due to an expanded legal definition including sensitive biometric data.