Mauritian SBM Holdings to acquire Kenya's Fidelity Bank
Fidelity Bank along Nairobi's Kaunda Street. FILE PHOTO | SAMMY KIMATU
Mauritian financial services provider SBM Holdings Ltd is set to acquire Kenya’s Fidelity Commercial Bank Ltd subject to regulatory approval from the two countries.
The Central Bank of Kenya (CBK), in a statement Tuesday, said the proposed acquisition would mark the entry of SBM into Kenya’s banking sector, using it as springboard into the East African region.
