Tag Archives: Merger

Behind closed boardroom doors, branding—not balance sheets—may have killed what would have been Kenya’s biggest banking deal in years. Insiders have revealed that Standard Bank’s insistence on rebranding NCBA under the Stanbic banner played a decisive role in the collapse of long-running merger and acquisition talks between the two lenders. The failed deal would have created Kenya’s third-largest bank, with …

Kampala — The Head of Public Service and Secretary to the Cabinet, Lucy Nakyobe, has summoned executive directors and commissioners from government agencies affected by the government agencies merger or Rationalisation of Agencies and Public Expenditure (RAPEX) exercise to account for existing vacancies and unabsorbed staff. Reliable sources indicate that the meeting is scheduled for Thursday this week, and will involve all chief executives and commissioners from …