Mwalimu Sacco Faced With Troubles In Sale of Troubled Spire Bank
A fresh storm is brewing within the teachers’ Mwalimu Sacco over the planned sale of cash-strapped Spire Bank as new details show that the tutors...
Tag : spire bank
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...
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...
Collapsing Spire bank’s defaults now overtake loan book
Spire Bank’s defaulted loans have overtaken its net loan book, highlighting the meltdown at the small lender which now needs at least Sh4.14 billion to...
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...