Kenya reviews report on Consolidated sale

The Kenyan government intends to surrender its stake in Consolidated Bank to private investors. PHOTO | FILE | AFP

The Board of Kenya’s Privatisation Commission will this week review the initial draft of the due diligence report on the sale of the troubled state-owned Consolidated Bank to strategic investors.

The report assessed the financial position of the bank in relation to, among others, its capital adequacy, profitability, liquidity and other legal issues.