×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Fidelity Bank's sale for a song gets nod

Fidelity Bank’s planned sale for a paltry Sh100 to SBM Holdings of Mauritius has received shareholders’ approval.

The two institutions are now expected to sign a share purchase agreement after which the sale will be subject to approval by banking industry regulators in Kenya and Mauritius.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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