CBA and Nic, which are at an advanced merger stage, are said to have lent the troubled national Sh5 billion which they are yet to recover When he appeared before the committee yesterday, KAA chief executive officer John Andersen confirmed the debts.
The Public Investments Committee (PIC), which opened an investigation into the proposal by Kenya Airports Authority (KAA) to hand over the operations of Jomo Kenyatta International Airport to KQ, heard that Mr Isaac Awuondo is the chief executive of CBA bank which seeks to merge with Nic Bank #ticker:Nic.
The banking wing of the business is all set to acquire a stake in tier two bank National Industrial Credit (Nic), when it merges with tier one lender Commercial Bank of Africa (CBA), of which the family holds a 24.92 stake.
The defendant unlawfully sacked the plaintiff, a former staff of Elion and she challenged it at the Nic.
Companies The top shareholders in Nic, CBA banks merger Top: President Uhuru Kenyatta (left), his brother Muhoho and former First Lady Mama Ngina Kenyatta.
•…Agbakoba asks court to declare Onnoghen’s suspension unconstitutional By Innocent Anaba & Ikechukwu Nnochiri ABUJA—As the deadline for the suspended Chief Justice of Nigeria, CJN, Walter Onnoghen, and acting CJN, Tanko Mohammed by the National Judicial Council, NJC, to respond to petitions against them expired yesterday, the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, has challenged the powers of the National Industrial Court, Nic, in Abuja, to stop the suspended CJN from facing trial over alleged failure to declare his assets.
By ABDUL-NASSER SSEMUGABI & REGINA NALUJJA Kampala- Goal shooter Stella Oyella left Nic for Prisons Netball Club with dreams.
We have people who for the fear of not ruining someone’s personal integrity, keep quiet and allow a fellow who lacks the techNical know-how, the integrity and requisite experience get appointed onto the bench.
Companies Moody's says Nic, CBA merger good for banking sector The proposed merger between Nic #ticker:Nic and Commercial Bank of Africa (CBA) is likely to lead to higher profitability for the new entity due to staff and branch rationalisation while reducing funding costs, global rating agency Moody’s says, and in the process will strengthen Kenya’s financial sector.
The proposed merger between Nic and Commercial Bank of Africa (CBA) is likely to lead to higher profitability for the new entity due to staff and branch rationalisation while reducing funding costs, global rating agency Moody’s says, and in the process will strengthen Kenya’s financial sector.