Nyeri Court orders ACK to pay Sh200,000 fine Next Story
Spreading fake news now Sh5m fine following Uhuru signature Previous Story
You are here  » Home   » Kenya

Cabinet okays merger of three Government banks

By Kamau Muthoni | Published Wed, May 16th 2018 at 11:08, Updated May 16th 2018 at 11:20 GMT +3
Kenya Tourism Board Head of Finance and ICT Orumoi Jonah

The Cabinet yesterday approved the merger of three Government financial institutions.

Industrial and Commercial Development Corporation (ICDC), IDB Capital Ltd and the Tourism Finance Corporation (TFC ) will fold to form Kenya Development Bank Ltd.

ALSO READ: Masinga Dam to overflow by Friday, CS warns

 At the same time, the Cabinet also gave the green light to have funds targeting minorities, women and youth consolidated to form Biashara Kenya Fund.