April 24, 2018 / 11:35 AM / a month ago

Mauritius' SBM Holdings aims to inject $60 mln into Kenya's Chase

NAIROBI, April 24 (Reuters) - Mauritius’ SBM Holdings said on Tuesday it aimed to inject $60 million in capital to Kenya’s Chase Bank in a month’s time.

SBM Holdings Chairman Kee Chong Li Kwong Wing told a news conference the bank had already injected another $26 million into Chase Bank, after signing an agreement on Monday to take over some of its assets. (Reporting by John Ndiso; writing by George Obulutsa; editing by Jason Neely)

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