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CBA takes over Rwanda bank after closing Sh969m buyout

CBA Group chairman Desterio Oyatsi. PHOTO | FILE

By  MUGAMBI MUTEGI

The Commercial Bank of Africa (CBA) has spent nearly Sh1 billion on acquisition of the Rwandese subsidiary of Uganda’s Crane Bank.

The Kenyan lender launched its Rwanda operations on Monday, revealing that it spent Sh969 million to operationalise the new unit.

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