Genghis, PwC Among Five Bidders Seeking Roles on Kenya Bank Deal

Kenya’s Privatization Commission received five bids to advise on a rights offer by state-owned Consolidated Bank of Kenya Ltd. as the government prepares to sell the lender to private investors.

Nairobi-based Standard Investment Bank Ltd., Genghis Capital Ltd., PKF Consulting Ltd., Simba & Simba Advocates and PricewaterhouseCoopers LLC submitted pitches to provide transaction-advisory services on the share sale, Jacqueline Muindi, acting chief executive officer of the commission, said in an interview on Tuesday in the capital, Nairobi.

An announcement on the awarding of the deal is expected to be made in six weeks, she said.