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Treasury, CBK give nod for Jamii Bora buyout by Co-op Bank

By  Patrick Alushula

Business Reporter

Nation Media Group

Cooperative Bank of Kenya #ticker:COOP will officially acquire 90 percent stake in Jamii Bora Bank on August 21, Central Bank of Kenya (CBK) has announced.

The banking regulator said in a gazette notice on Friday that the deal has received all the required regulatory approval, the latest being by National Treasury on August 4.

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