Bloomberg Plans to merge two Kenyan banks will create a lender that can compete adequately with West African banks that are expanding into the region, Treasury Secretary Henry Rotich said. NIC Group Plc, one of Kenya’s mid-sized publicly traded banks, is in merger talks with Commercial Bank of Africa Ltd., the nation’s biggest closely held lender, the two said. The ...

Bloomberg The German finance ministry is willing to “orchestrate” a mer-ger between Deutsche Bank AG and Commerzbank AG, according to Focus magazine. Various scenarios have been discussed, including one in which the German state would become Deutsche Bank’s largest shareholder for about five years before merging the two banks, Focus reported without saying how it got the information. Alternatively, Deutsche ...

Bloomberg Indonesian flag carrier Garuda will keep taking deliveries of Boeing’s 737 Max jet, giving the new aircraft a vote of confidence while local rival Lion Air threatens to cancel its $22 billion order after suffering a plane crash in October. “Our Max jet has been performing well, we have no significant issue with it,” PT Garuda Indonesia President Director ...