The clarification comes days after Bloomberg reported that Absa Group was nearing a deal to consolidate its banking operations in Tanzania
By
Rosemary Mirondo
Business Reporter
Mwananchi Communications Ltd
Dar es Salaam. The Bank of Tanzania (BoT) says it has no objection to the proposed merger between Absa Bank Tanzania and National Bank of Commerce (NBC), but says the South African banking group has not engaged the regulator on the matter for more than two years.
Audio version of S/A’s Absa deepens East Africa push with Tanzania bank merger
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