Politician Peter Kenneth, lawyer Ambrose Rachier and city tycoon Amos Gichuki Ngonjo are set to receive $40 million (Sh4.98 billion) for the sale of their remaining stakes in Mayfair Bank to Egypt’s Commercial International Bank (CIB).
The three are among the 32 investors who have agreed to sell their combined 49 percent stake in Mayfair to CIB, which in April 2020 also paid $35.35 million (4.4 billion) to get a 51 percent stake.
