KENYA Banks Issue dated 29/07/2021

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. [...] (219 words)
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