The articles in this edition of the Financial Focus address some of the more significant and strategic issues that key players in the financial services sector face in the current changing landscape in Kenya. Probably the most visible of these changes are the consolidations that have taken place in the recent past as well as branch network expansion and alternative distribution channels that a number of players have embarked on, particularly in banking.
The mergers and acquisitions we have witnessed include those between Commercial Bank of Africa & First American Bank, East Africa Building Society & Akiba Commercial Bank and lately Stanbic & CFC bank. A few years ago, there was also a take-over of the general insurance business of Alico Kenya by the CFC Group.
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