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Eqypt’s Biggest Lender CIB Fully Acquires Mayfair Bank

The Commercial International Bank  (Egypt) S.A.E. (CIB) has acquired the remaining 49 percent shareholding of the Mayfair CIB Bank Limited (MBL) effective January 31, 2023. In a statement on Monday, January 30, 2023, the Central Bank of Kenya (CBK) announced that it had approved the...

Laughing All the Way to the Bank: Kenyans Earn Billions From Mayfair Sale

New investors who will take over the bank from 1st May 2020 are expected to restructure Mayfair operations using international experience.

Egyptian Bank Acquires Majority Stake in Small Kenyan Lender

The Competition Authority (CAK) started the process of approving the deal in December 2019

Egypt’s Second Largest State-owned Bank to Open Kenyan Office

Egypt's second largest state-owned bank’s plans to open an office in Kenya are still on course