Tag: SBM


SBM to Shut Down Five Branches in December

The bank says the review has been prompted by the need to rationalize its presence in different locations

SBM to inject Sh6b into Chase Bank

Move provides hope to large depositors of the Kenyan bank, which collapsed in 2016, as they could start accessing their cash in the next six months

Joshua Oigara: Why KCB did not bid to buy Chase Bank

When Chase Bank was put up for sale last year, many eyes were trained on Joshua Oigara. The KCB Group which he heads had...

Mauritius bank buys out Chase Bank

Mauritius’s SBM Holdings will acquire 75% of the value of certain deposits of Kenya’s Chase bank plus matched liabilities, the Central Bank of Kenya...

SBM makes offer to buy some Chase Bank assets

CBK has been seeking a strategic investor for the lender, which has been under receivership since April 2016 after failing to meet its financial obligations

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Kenya’s Minimum Wage is the Highest in East Africa

Kenya is putting many thousands of shillings in the pockets of those at the bottom end of the pay scale than any of her counterparts, Uganda and Tanzania, in East Africa - it has the highest minimum wage.