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Lake region bloc abandons plans to establish Sh2.8b bank 9 years later

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Victor Nyagaya, CEO of LREB. [Michael Mute, Standard]

The Lake Region Economic Bloc (LREB) has shelved plans to establish a multi-billion bank after running into several hurdles to implement the project.

The plans for the establishment of a Sh2.8 billion bank were mooted in 2014 as one of the flagship projects for the bloc.

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