Banking –Three wealthy Kenyans among them Peter Kenneth are set to benefit from the sale of their remaining stakes in Mayfair bank.
Also lawyer Ambrose Rachier and city tycoon Amos Gichuki Ngonjo have decided to offload any of their remaining shares in Mayfair Bank to Egypt’s Commercial International Bank CIB.
The trio worth shares $40 million or sh 4.98 billion are listed among the 32 investors who have all agreed to sell their 49 percent ownership to CIB.
In April last year, CIB parted with a whopping $35.35 million equal to sh 4.4 billion to secure a 51 percent stake in Mayfair Bank.
Mayfair Bank, a brainchild of Peter Kenneth was founded in the year 2017. Before this it was a mere insurance firm running as Mayfair Insurance Company.
Mayfair bank would the announce its growth into a fully-fledged banking institution that targets large and medium-sized firms and high-net-worth individuals.
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