Competition Authority of Kenya approves acquisition of Paramount Bank by Nigeria’s Zenith Bank Plc

video

NTV Kenya (Youtube)

January 22, 2026

1mo ago

Subscribe to NTV Kenya channel for latest Kenyan news today and everyday. Get the Kenya news updates, discussions and other exciting shows. Website: ntvkenya.co.ke || Paper: Daily Nation || Twitter: @ntvkenya || Facebook: NTV Kenya || Instagram: NTV Kenya

More Coverage

Video News

President Ruto Defends NYOTA Fund Amid Criticism from Former CJ Maraga - January 2026

5 stories Business & Economy

Kenyan Government Clears Farmer Dues Amid Funding Warnings and Investment Interest - January 2026

4 stories

More on this topic

CAK Approves Zenith Bank's Acquisition of Paramount Bank; NCBA Faces Share Dilution - January 2026

The Competition Authority of Kenya (CAK) has approved the acquisition of Paramount Bank Limited by Nigeria’s Zenith Bank Plc. This marks a significant development for the Nigerian financial institution's expansion in the Kenyan banking sector. The approval was granted with specific conditions aimed at safeguarding employment. In a separate deal, the prominent Kenyatta, Nyachae, and Ndegwa families are set to see their shareholding in NCBA Group diluted. This is due to a proposed deal involving South Africa’s Nedbank Group.