Court spares ex-Chase Bank officials' assets
Kenya Deposit Insurance Corporation (KDIC) has been restricted from selling or transferring properties belonging to former officials of Chase Bank.
Source: businessdailyafrica.com
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Rafiki Microfinance initiates search for new CEO
Rafiki Microfinance initiates search for new CEO Rafiki is working with an executive headhunter on the CEO search. Rafiki Microfinance Bank was a subsidiary of Chase Bank and launched its operations in the Kenyan market in 2011 targeting the microfinance industry. Chase Bank was placed under receivership on April 7, 2016 following a run on deposits after reports of liquidity problems spread online. Thursday May 06 2021 Rafiki Microfinance is looking for a new chief executive to replace its former CEO Ken Obimbo who recently left the post. FILE PHOTO By BRIAN NGUGI Rafiki is working with an ex...
Source: businessdailyafrica.com