Tanzania’s Bank M to cross-list on Dar, Nairobi stock markets

Bank M of Tanzania, set to enter the Kenyan market this month, is seeking to list at the Dar es Salaam Securities Exchange (DSE) by end-year and later cross-list at the Nairobi Securities Exchange.

It will become the first Tanzanian lender to enter the Kenyan market after 73 per cent of its shareholders under the M Holdings Group agreed to buy 51 per cent stake in Oriental Commercial Bank.