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KENYA : Central bank plans closure of Naushad Merali's former jewel Spire Bank africaintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africaintelligence.com Daily Mail and Mail on Sunday newspapers.
Revealed: Sh21bn CBK bailout for Jamii Bora Bank Summary Co-operative Bank of Kenya now the parent company of Kingdom Bank (formerly Jamii Bora) revealed the CBK loan facility that saved the small lender from an imminent collapse. The CBK in April 2016 announced the roll-out of a special facility to commercial and microfinance banks facing liquidity challenges not triggered by acts of mismanagement. The CBK never disclosed the terms of this window. It is also not clear if the lending to Kingdom Bank fell under this category. Thursday June 03 2021 By PATRICK ALUSHULA Summary Co-operative Bank of Kenya now the parent company of Kingdom Bank (formerly Jamii Bora) revealed the CBK loan facility that saved the small lender from an imminent collapse. ....
Tycoon Naushad Merali and Centum Investments are among individuals and local firms battling four Chinese firms to build and operate 11,000 houses for KDF. ....