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Over half of banks face mergers, acquisitions in CBK rules review

Central Bank of Kenya. [File, Standard]

More than half of Kenya’s banks face potential acquisition or forced mergers as the National Treasury revisits plans to amend the Banking Act.

The proposed changes, outlined in the recently published Business Laws (Amendment) Act, aim to raise the minimum core capital requirement from Sh1 billion to Sh10 billion by 2027. They would affect tier two and tier three banks.

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