Access Bank gets approval to acquire National Bank of Kenya in deal thought to be worth $100 million 

The Competition Authority of Kenya (CAK) has approved Access Bank’s acquisition of the National Bank of Kenya (NBK) from KCB Group, provided it retains 80% of the staff for one year. The deal will now need the approval of the Central Bank of Kenya (CBK). 

“The transaction has been approved on condition that Access Bank Plc retains, for a period of one (1) year following completion of…

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