Kenya: Stanbic, Nigerian lender biggest gainers of Sh14.1bn ARM cash

Stanbic Bank Kenya  and Africa Finance Corporation (AFC) were among the biggest beneficiaries of the Sh14.1 billion that UK’s sovereign wealth fund CDC Group injected into cement manufacturer ARM last year for a 40.6 per cent stake.ARM used part of these funds to reduce its short-term loan from the Stanbic by Sh2.1 billion to Sh1.1…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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