Kenya Suspends Sale of Three Banks Ahead of Merger Plans

Kenya has suspended the sale of National Bank, Consolidated Bank and Development Bank ahead of their planned merger.

"The next steps on privatisation of the banks are to be determined taking into account the decisions regarding the merger. Decision on what is to be privatised will be based on the review results," Solomon Kitungu, the executive director of the country's Privatisation Commission told The EastAfrican.

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