Jamii Bora Gets New Name and Board After Co-op Bank Acquisition

Co-op Bank says the acquisition became effective on 21st August and has appointed a new board to “drive the needed transformation agenda”

BT Reporter1 Mins read

Co-op Bank Completes Acquisition of 90% Jamii Bora Bank Stake

The now merged CBA walked away from the deal after merging with NIC over a negative liquidity position and bad debts

The Central Bank of Kenya (CBK) has announced a proposed acquisition of Jamii Bora Bank by the Co-Operative Bank.

The bank has been hunting for a strategic partner for the last one year but most of those interested were put off by...

BT Reporter2 Mins read

Deputy Chief Executive Timothy Kabiru will take over in acting capacity until a new boss is recruited

Equity Bank founder Peter Munga's Sh400 million estate has been slated for auction by Jamii Bora Bank after the borrower defaulted on the...

BT Reporter2 Mins read