KCB Group has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles.
KCB says it will explore other opportunities “in order to enhance our regional participation, accelerate our growth and maintain sustainable long-term African success in line with our expansion and growth strategy.”
For more information, please see https://www.theeastafrican.co.ke/tea/business/kcb-acquisition-of-tanzanian-bank-flops-3638812
