NAIROBI, April 28 Kenya's central bank said on Friday it had issued a licence to DIB Bank Kenya Ltd, a unit of United Arab Emirates-based Dubai Islamic Bank, to operate in the east African nation.
"DIB intends to exclusively offer shariah-compliant banking services in Kenya," the Central Bank of Kenya said in a statement. "DIB's entry will expand the offerings in the market, particularly in the nascent shariah-compliant banking niche." (Reporting by George Obulutsa; Editing by Biju Dwarakanath)
China United Network Communications Ltd announces strategic investment plan
SINGAPORE, June 26 China United Network Communications Ltd said on Monday its controlling shareholder planned to bring strategic investors into the unit via a private share placement, but said details had not been finalised.