Helios buys more Equity Bank shares weeks after making shs 48 billion

Helios Investment Partners, the UK firm that has entered into an agreement with the French company Orange over the takeover of Telkom Kenya, held a 24.99% stake in Equity Bank that it bought for about shs 11 billion in December 2007. When the investment firm was in talks with Orange, it decided to sell its initial

The collapse of Dubai Bank could be the reason CBK stopped licensing new Commercial Banks

The Central Bank of Kenya, in a statement to the press, put on hold licensing of new commercial banks until further notice. “The Central Bank of Kenya has, with immediate effect, placed a moratorium on the licensing of new commercial banks until further notice”, the statement read in part. Although CBK did not give reasons