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Banking on Change: Kenya’s Mergers and Acquisitions Since 1989

In the decades since the early 1990s, Kenya’s banking landscape has been transformed—not by revolutions, but by mergers. According to Central Bank of Kenya (CBK) records, 57 mergers and acquisitions have been approved between 1989 and 2024. These transactions tell a broader story of regulatory reform, economic cycles, and institutional adaptation.

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