×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Read on the App

State probes Mwalimu Sacco’s bid to buy Merali bank

The Government has halted Mwalimu Sacco’s bid to acquire Naushad Merali’s Equatorial Commercial Bank (ECB) and ordered an inquiry into the transaction. This is despite the buyout’s approval by regulators.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in