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Assemblies' slow pace could derail Sh2.8 billion LREB bank plan

Kakamega Faulu Micro finance bank Manager Janet Lukhale (right) takes around the bank Kakamega Governor Wycliffe Oparanya during official opening of Faulu Micro finance bank Kakamega branch at Kakamega Mega Mall recently. [Benjamin Sakwa/Standard]

A plan by the Lake Region Economic Bloc (LREB) to establish a regional bank could be delayed by reluctance by some counties to commit funds to the Sh2.8 billion project.

The delay has mainly been attributed to differences between the Executive and county assemblies.

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