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Nyachae linked Credit Bank sells 20pc stake to US private equity fund

A section view of Credit Bank located along Koinange Street on September 16, 2022. [Edward Kiplimo,Standard]

Credit Bank shareholders will loosen their grip on the tier three lender after selling a fifth of the stake to a US-based fund.

ShoreCap III, a multinational private equity (PE) fund managed by US-based Equator Capital Partners, is set to acquire a 20 per cent stake in the lender with links to the Nyachae family.

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