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Tanzania’s Bank M has become the first Tanzanian bank to enter the Kenyan market. This is after the Central Bank of Kenya (CBK) approved the purchase of Oriental Commercial Bank by M Holdings, which is Bank M’s parent company. M Holdings now controls 51 per cent of Oriental Bank.
“Its entry into the Kenyan market strengthens the ongoing East African Community (EAC) integration,” CBK said in a statement Thursday.
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