The Government of Kenya has re-activated plans to privatize two banks (likely to be National Bank of Kenya and Consolidated Bank) and is inviting investment banks or consultants to advise on the preparation of the two banks for privatization. Some aspects of the work include marketing the banks to buyers, feasibility & valuations, and selling off non-performing assets of the banks. Deadline for applications to the Bank Restructuring & Privatization Project (email@example.com) is June 30 and the banks are expected to be sold on or before December 2007.
Kenya Commercial Bank is seeking companies to provide a core system to support the bank’s operations. Deadline is June 2.