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Co-op Bank bags deal to handle coffee exchange billions

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Co-op Bank will handle billions passing through the Nairobi Coffee Exchange. [Elvis Ogina, Standard]

Co-operative Bank of Kenya (Co-op Bank) has won the race to handle billions of shillings which pass through the now regulated coffee exchange market annually, boosting the tier one lender's non-funded income streams.

This came as President William Ruto, speaking in Kirinyaga County during his ongoing tour of the Mt Kenya region, vowed to crack down on coffee cartels that have been fleecing farmers and sustain the ongoing coffee reforms.

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