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In January 2020, the Central Bank of Kenya gave approval for Access Bank Group to acquire up to 100 percent shareholding in Transnational Bank. [7] In August 2020, the take-over was consummated after the new owners paid KES:1.4 billion (approx. US$13 million) to buy-out the previous shareholders. The bank re-branded to Access Bank (Kenya) PLC. [1]
In March 2021, Access Bank announced the acquisition of a stake in Grobank, a South African bank, for US$60 million. [19] In March 2024, Access Bank Group signed binding contracts to acquire National Bank of Kenya, a subsidiary of the Kenya Commercial Bank Group. The transaction which requires regulatory approval in Kenya and Nigeria, is ...
2008: Access Bank acquired 88% of the shares of Omnifinance Bank, which was established in 1996. It also acquired 90% of Banque Privée du Congo, which South African investors had established in 2002. Access Bank acquired 75% of the shares of Bancor SA, in Rwanda. Bancor had been established in 1995 and reorganized in 2001.
NAIROBI (Reuters) -Kenya's Centum Investment plans to buy back up to 10% of its issued shares, it said on Tuesday after reporting a wider first-half loss. The group, which invests in listed firms ...
The U.S. firm offered in February to buy the 46.15 percent of Unga's shares that are held by minority shareholders and listed on the Nairobi bourse. The rest of the shares are owned by a local ...
In 1996 saw the largest share issue in the history of NSE with the privatization of Kenya Airways. Having sold a 26% stake to KLM, the Government of Kenya proceeded to offer 235,423,896 shares (51% of the fully paid and issued shares of KSh.5/= each) to the public at KSh.11/25 per share. More than 110,000 shareholders acquired a stake in the ...
Liberty Kenya Holdings Limited (formally CFC Insurance) Insurance: JUB: Jubilee Holdings Limited: Insurance, investments. Crosslisted on the Uganda Securities Exchange and the Dar es Salaam Stock Exchange: KNRE: Kenya Reinsurance Corporation: Reinsurance: SLAM: Sanlam Kenya Plc (formally Pan Africa Insurance Holdings) Insurance
The Somen family emigrated to Kenya in 1923 when Israel Somen relocated from South Africa to work in government. [2] Jonathan Somen was born on 27 June 1969 to Michael and Vera Somen. His father was an advocate while mother a medical doctor.