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Zenith Bank Enters East Africa With $7.7M Kenyan Acquisition

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NigerianMag

adewolerachael

By Kede Aihie

Zenith Bank has secured statutory approval to acquire a Kenyan bank, marking its entry into East Africa. The deal is valued at $7.7 million.

The move gives the Nigerian lender a foothold in Kenya’s banking market and expands its pan-African footprint beyond West Africa. Details on the target bank and completion timeline have not yet been disclosed.

adewolerachael

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