May 20, 2022

Board of troubled Fidelity Bank approves Mauritian group takeover bid

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By BRIAN NGUGI From Business Daily Africa IN SUMMARY Fidelity has been looking to sell an equity stake to a strategic investor in order to bolster its capital base. Under the deal with SBM, the Mauritian firm will inject Sh1.46 billion in additional capital into Fidelity Bank once the acquisition is complete. The Fidelity Commercial Bank […]