Kenya
Central bank plans closure of Naushad Merali's former jewel Spire Bank

Spire Bank hasn't published positive results since it was sold to the Mwalimu National cooperative by its former boss Naushad Merali, the late CEO of Sameer Group who died in July. Things have become so dire that the Central Bank of Kenya is making plans to close the financial institution. [...]
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Ivory Coast
Société Générale looks for a new pathfinder in the corridors of power

The long-serving chairman of the Ivorian subsidiary of France's Société Générale bank, 81-year-old Tiémoko Yadé, told the bank last month that he wanted to stand down. Société Générale, which is Ivory Coast's leading bank, now needs to find a successor with good contacts with the authorities without being too close to them.

LogoSubscribers only Finance, Business 29.06.2021

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