Kenyan Wall Street | by Miriam Wangui
Nigeria’s Access bank has today launched its operations in Kenya after acquiring a 99.9% stake in privately owned Transnational Bank of Kenya.
The Nigerian lender paid KSh1.4 Billion for the acquisition. Access bank says that the launch is strategic for its expansion in the East African region.
The leading retail lender in Africa has appointed David Aluko, a Nigerian national, to head the Kenyan subsidiary and lead its expansion in the country and beyond.
Access bank currently has 28 branches throughout Kenya…
