A challenging year for Kenyan banks amid the COVID-19 crisis

Last week, NCBA Group shut 14 of its branches in Kenya due to COVID-19, which has reduced business activities on extended state restrictions on mass gathering as it eyes cost savings. Moreover, I&M Holdings PLC has issued a cautionary announcement advising its shareholders of its plans to acquire 90 per cent of the ownership of Uganda’s Orient Bank Limited, which may affect the value of its shares. Economic Analyst, Odhiambo Ramogi joins CNBC Africa for more.

Mon, 20 Jul 2020 10:19:29 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.