LREB eyes buying an existing bank at Sh2.6 billion

The Lake Region Economic Bloc (LREB) consists of the 14 counties around Lake Victoria and its environs namely Siaya, Homa Bay, Migori, Kakamega, Bungoma, Busia, Vihiga, Trans Nzoia, Kisii, Nyamira, Bomet, Nandi, Kisumu and Kericho. [Photo: Courtesy]

Lake Region Economic Bloc, (LREB) have agreed to buy an existing bank start a regional Bank for the bloc as one of its inaugural flagship projects.

Already, LREB members have agreed to pay Sh200 million each toward this initiative, totalling to Sh2.8 billion, the bloc's Chairman Wycliffe Oparanya has disclosed