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A Photo Collage of Zenith Bank PLC and Paramount Bank Limited. PHOTO/ File

CAK Approves Zenith–Paramount Bank Merger, Sets Conditions

Blake Otieno January 22, 2026

The Competition Authority of Kenya (CAK) has approved the proposed acquisition of 100 percent shareholding of Paramount Bank Limited by Zenith Bank PLC, subject to strict conditions aimed at safeguarding jobs. The Authority said the approval followed an extensive competition and public interest assessment which found that the transaction is “unlikely to lead to a

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