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Egypt's CIB expands presence in Kenya by acquiring majority stake in Mayfair Bank

News | E-invoicing, SCF & E-procurement | 28 Apr 2020

Egypt-based Commercial International Bank (CIB) has received the regulatory nod from the Central Bank of Kenya (CBK) to acquire a 51% stake in Kenya-based Mayfair Bank.

Egypt, CIB, Mayfair Bank, Kenya, CBK, bank, market share