The deal will see Equity, which has a KSh1.3 trillion asset base, take over KSh945 million in loan assets from struggling Spire Bank and deposit liabilities of KSh1.3 billion.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Kenya’s Ministry of Tourism and Wildlife projects that total arrivals in 2022 will reach 1.4 million.
This year’s International Literacy Day will be celebrated worldwide under the theme, Transforming Literacy Learning Spaces.
The loan to KCB is part of IFC’s growing work in Kenya to increase the amount of climate financing available.
The reading was the lowest seen since the lockdown-hit period in April 2021.
Kenya is in breach of East Africa’s FX reserve policy, where members are expected to have above 4.5 months of import cover at all times.