January 31, 2019 / 5:31 AM / 3 months ago

Kenya's NIC to merge with Commercial Bank of Africa -NIC chairman

NAIROBI, Jan 31 (Reuters) - Kenya’s NIC will merge with the country’s biggest privately-owned bank Commercial Bank of Africa (CBA), the chairman of NIC announced on Thursday.

James Ndegwa did not offer a timeline for the merger, but told journalists “today we announce our intention to merge NIC Group and CBA Group”. (Reporting by George Obulutsa; Editing by Himani Sarkar)

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