East Africa: Tanzania Bank Enters the Kenyan Market

Dar es Salaam — Bank M of Tanzania has set the stage for its entry into Kenya market after the Central Bank of Kenya (CBK) cleared the acquisition of a 51% stake in shareholding with Oriental Commercial Bank..

According to a statement issued by the CBK, it has approved an application by M Holdings Limited to form a Non - Operating Holding Company as required by law as well as a change of name from Oriental Commercial Bank Limited to M Oriental Commercial Bank Limited.

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