Access Bank sets to acquire Kenya’s bank

Spread the love

The Central Bank of Kenya and the National Treasury have given the green light for Nigerian lender Access Bank PLC to acquire the struggling National Bank of Kenya, marking a key step forward in the nearly year-long acquisition process.

The approval, announced on Monday, brings Access Bank closer to finalising its purchase of 100 percent of NBK’s issued share capital—a move expected to bolster its presence in East Africa’s largest economy. The deal is still pending final approval from Nigerian regulatory authorities.

In a gazette notice, CBK Governor Kamau Thugge stated that the acquisition was approved on April 4, 2025, under Section 13 (4) of the Banking Act. Treasury Cabinet Secretary John Mbadi endorsed the transaction on April 10, 2025.

Related Posts

FG inaugurates Tax reform committee

Spread the love

Spread the loveSwat Bako, Abuja. The Federal Government has inaugurated a Technical Subcommittee on Fiscal Policy and Tax Reforms to review the implementation of Nigeria’s new tax laws and prepare…

Zulum pledges office, land for Tax Ombud’s North-East headquarters

Spread the love

Spread the loveBorno State Governor Babagana Zulum has pledged office space and land to facilitate the establishment of the Tax Ombud’s North-East Zonal Headquarters in the state, aimed at bringing…

Leave a Reply

Your email address will not be published. Required fields are marked *