JARAA'IDJARAA'ID
Notification Show More
Latest News
At least 16 killed in coal mine fire in southwest China
Asia
Nasa spacecraft brings samples from asteroid to Earth
Business
Brighton & Hove Albion 3-1 Bournemouth: Sub Kaoru Mitoma scores twice as Seagulls go third in Premier League
Sports
Polish far-right party jostles for third-place powerbroker role
Business
Scotland – Tonga Live – World Cup: Rugby Scores & Highlights
Sports
Aa
  • Home
  • Local News
  • Africa
  • United States
  • Europe
  • Asia
  • Sports
  • Videos
  • Live Score
  • More
    • Business
    • Market Data
      • Stocks
      • Commodities
      • Cryptocurrency
      • Forex
    • Weather
Reading: Somalia’s Premier Bank Gets Approval to Acquire Kenya’s First Community Bank
Share
Aa
JARAA'IDJARAA'ID
  • Somalia
  • Africa
  • United States
  • Europe
  • Asia
  • Business
  • Sports
  • Videos
Search
  • Home
  • Local News
  • Videos
  • World
    • Africa
    • United States
    • Europe
    • Asia
  • Market Data
    • Stocks
    • Commodities
    • Cryptocurrency
    • Forex
  • More
    • Sports
    • Business
    • Weather
    • Live Score
Have an existing account? Sign In
Follow US
JARAA'ID > Local News > Somalia’s Premier Bank Gets Approval to Acquire Kenya’s First Community Bank
Local News

Somalia’s Premier Bank Gets Approval to Acquire Kenya’s First Community Bank

News Room
Last updated: 2023/03/07 at 3:51 PM
News Room Published March 7, 2023
Share
SHARE

The Competition Authority of Kenya has given its approval to Somalia’s Premier Bank to acquire a 62.5% stake in Kenya’s First Community Bank.

“It is notified for general information that in the exercise of the powers conferred upon the Competition Authority of Kenya…(it) has authorised the implementation of the proposed acquisition of 62.5 per cent stake in First Community Bank Ltd by Premier Bank Ltd (Somalia),” said CAK acting Director General Adano Wario.

First Community started operations in Kenya on June 1, 2008.

Premier Bank is a privately owned Sharia-compliant commercial bank incorporated in Somalia in 2013 and licensed by the Central Bank of Somalia in 2014.

The lender offers retail banking, business, and corporate banking, mobile and internet banking, ATM banking, SWIFT transfers, and international money transfers.

Source: Khusoko

 

Read the full article here

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room March 7, 2023
Share this Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News
Asia

At least 16 killed in coal mine fire in southwest China

News Room News Room September 24, 2023
Nasa spacecraft brings samples from asteroid to Earth
Brighton & Hove Albion 3-1 Bournemouth: Sub Kaoru Mitoma scores twice as Seagulls go third in Premier League
Polish far-right party jostles for third-place powerbroker role
Scotland – Tonga Live – World Cup: Rugby Scores & Highlights
The Voice: a vote on indigenous rights divides Australia
Lewis Hamilton calls on Mercedes to have ‘greatest six months of development’ to challenge Red Bull in 2024 F1 season
Scholz accuses Poland of ‘waving through’ refugees as visa scandal deepens
- Advertisement -
Ad imageAd image

You Might also Like

Local News

At a high-level meeting, the Minister of Health delivers a speech.

September 24, 2023
Local News

Prime Minister Hamza delivers a stunning speech during the 78th United Nations General Assembly.

September 24, 2023
Local News

Exploring the Rich Cultural Heritage of Somalia: A Look into Somali Traditions and Customs

September 23, 2023
Local News

Somalia is almost out of woods on debt relief, IMF now reveals

September 23, 2023
  • Somalia
  • Africa
  • United States
  • Europe
  • Asia
  • Cryptocurrency
  • Forex
  • Stock Market

About US

Jaraa'id is your one-stop website for the latest global and local news and updates, follow us now to get the news that matters to you.
Quick Link
  • Privacy Policy
  • Terms of use
  • Press ReleaseSubmit
  • Advertise
  • Contact
Top Sections
  • Business
  • Sports
  • Videos
  • Market DataLive
  • Weather

Subscribe US

Subscribe to our newsletter to get our Latest articles instantly!

I have read and agree to the terms & conditions

2023 © Jaraa'id. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?