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Competition Authority approves tycoon's takeover of ABC Bank

ABC Bank was licensed in 1984 by the Central Bank of Kenya with total assets of about Sh50 billion, according to the 2025 Bank Supervision Annual Report. [File, Standard]

Kenyan healthcare tycoon Jayesh Umesh Saini has won the competition watchdog’s approval to take sole control of African Banking Corporation (ABC Bank), a small-tier lender with 12 branches.

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