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State to pump Sh100b into new super lender

National Treasury Cabinet Secretary Ukur Yatani.

The government will own all Sh100 billion shares in a proposed State bank that will emerge from the amalgamation of three financial institutions.

This was revealed in regulations published by the Treasury for the Kenya Development Bank (KDB), five years after President Uhuru Kenyatta received the report from the Presidential Task Force on Parastatal Reforms.

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