Will CBA’s love for mergers quench expansion thirst?

NIC Bank Managing Director John Gachora (left) with his CBA counterpart Isaac Awuondo brief journalists in Nairobi last week. [Wilberforce Okwiri, Standard]

When Kenya’s two powerful bankers - Commercial Bank of Africa (CBA) Group Managing Director Isaac Awuondo and NIC Bank boss John Gachora - recently shared the stage as a show of equal footing in the merger of NIC Bank and CBA, questions were raised as to who will be left standing at the end of the year.

Head of banking research at Ecobank Capital, George Bodo voiced this question in the stormy waters of the merger as to how the management change.