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In-tray full for the new Central Bank governor
Kamau Thugge was among the six candidates shortlisted in race to replace Dr Patrick Njoroge as CBK Governor. He has been nominated to succeed him. FILE PHOTO | NMG
Credit Bank, a struggling lender, is the latest beneficiary of Central Bank of Kenya’s (CBK) deals midwifing role aimed at injecting stability in the financial sector.
On Monday, the regulator reported that it had given the green light for a 20 percent stake sale in the small bank to Mauritius-based private equity fund, Shorecap III, LP.
