How Mwalimu Sacco Purchased Majority Shares In A Dead Spire Bank
Mwalimu National SACCO signed an agreement on October 10th, 2014 to buy the banking and investment arm of ECB (Spire Bank). The SACCO then became...
Tag : Naushad Merali
Jaindi Kisero: How Mwalimu Sacco’s Spire Bank could rise
A crunch meeting of delegates of the gigantic Mwalimu National Sacco has been called this Saturday to discuss the state and fate of the loss-making...
KENYA : Central bank plans closure of Naushad Merali’s former jewel Spire Bank
Spire Bank hasn’t published positive results since it was sold to the Mwalimu National cooperative by its former boss Naushad Merali, the late CEO of...
Naushad Merali Is Dead
Businessman Naushad Merali is dead. Merali, 70 died on Saturday morning while undergoing treatment at the Nairobi Hospital. According to a statement by Shia Ithna Ashri...