Business Daily | by Patrick Alushula
KCB Group has made a formal application to the regional competition watchdog to be cleared for the Sh4.4 billion ($40 million) deal in which it is seeking to acquire two banks in Tanzania and Rwanda.
Comesa Competition Commission said in a notice dated last week Monday that it had started collecting views from interested parties including competitors, suppliers and customers over the two deals.
“The Commission will determine among other things whether or not the merger is likely to substantially prevent or…
