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I&M directors new billionaires at Nairobi bourse

I&M Bank building in Nairobi. Two of the bank’s directors are set to join the club of billionaire directors after the bank lists at the Nairobi Securities Exchange. Photo/FILE

The club of billionaire directors at the Nairobi bourse is set to widen with the entry of two directors of I&M Bank as the mid-tier lender prepares to be admitted at the stock market in June.

I&M Bank will earn automatic listing following its merger with listed investment firm City Trust in a share swap transaction worth Sh29 billion.

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