Tuesday, January 31, 2023 –Politician Peter Kenneth is among the three wealthy Kenyans set to benefit from the sale of their remaining stakes in Mayfair Bank.
Politician Peter Kenneth, lawyer Ambrose Rachier and city tycoon Amos Gichuki Ngonjo have decided to offload their stake in Mayfair 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 do away with their 49 percent shares 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.
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