Raymond Njanike who was managing director for failed bank Interfin Bank Limited has been appointed Empower Bank board chairperson. Njanike successfully secured a micro-finance licence for the financial institution.
Government through Ministry of Youth, Indigenisation and Economic Empowerment capitalised the micro-finance institution to the tune of $2,5 million. About 39 385 youths are expected to access loans from the bank. Njanike was also managing director for the now defunct Trust Holdings Limited’s Trust Discount House Limited.
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