Kenya: Interest rate caps erode bank valuations in buyouts

The capping of interest rates has hurt bank deals, with more lenders now being acquired at prices lower than their book value to reflect relatively weaker earnings outlook.Habib Bank, which is set to be fully acquired by DTB Bank, is the latest lender to be taken over at a price equivalent to 077 times its net…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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