Kenya’s Paramount Bank hits $24 million as Jim Ovia’s Zenith Bank plans buy
Billionaires Africa | 26.11.2025 19:30
Kenya’s Paramount Bank has strengthened its capital to $24 million, as Lagos-based financial services group Zenith Bank Plc, founded by Nigerian banker Jim Ovia, revealed plans to acquire the Nairobi-based lender. The move positions Paramount Bank to meet regulatory requirements and prepare for a potential takeover by one of West Africa’s top banks.
