Kenya: Mwalimu sacco to pump Sh375m into Spire Bank

Kenyan teachers are set to inject another Sh375 million as capital in loss-making Spire Bank through a shareholder loan meant to help the lender boost its capital ratios.Mwalimu National Sacco, which owns 75 per cent of Spire, will fork out the cash in a deal where the troubled tier III bank is seeking to raise a…

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