Tag Archives: banking sector

The Board of I&M Group PLC has appointed Abdi Mohamed as the incoming Chief Executive Officer of I&M Bank Kenya, subject to approval by the Central Bank of Kenya (CBK). In a statement issued to shareholders on Monday, the lender announced that Mohamed will join the bank from Absa Bank …

South African lender Nedbank Group has submitted a tender offer to purchase approximately 66 percent of NCBA Group’s ordinary shares, which would give Nedbank a controlling interest in the Kenyan financial services company if the deal goes through. The remaining 34 percent of NCBA shares would continue to be traded …