Kenyan bank acquires Crane Bank Rwanda

Kenya’s Commercial Bank of Africa (CBA) has officially acquired Crane Bank Rwanda for an undisclosed amount. The deal, which was closed on Wednesday and made public yesterday, saw 100 per cent stake of Crane Bank Rwanda Ltd acquired from Uganda’s Dfcu Bank.
A Crane Bank Rwanda branch in downtown Kigali. CBA completed 100 per cent acquisition of the Ugandan firm yesterday. File.
A Crane Bank Rwanda branch in downtown Kigali. CBA completed 100 per cent acquisition of the Ugandan firm yesterday. File.
Collins Mwai