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Mauritius bank acquires Kenya’s Chase Bank

In January, Kenya Commercial Bank (KCB) Group, East Africa’s biggest bank by assets and coverage, handed over Chase Bank to the regulator for onward transmission to its new owners, the State Bank of Mauritius (SBM).

Kenya: Is the interest rate cap coming off?

It is now a year since an amendment to the Kenyan Banking Act of 2016 capping interest rates on loans at 4% above the Central Bank rate – which stands at 10% – came into force.…