Nigeria's banking giant Guaranty Trust Holding Company (GTCO) has encountered a new regulatory holdup in its East African unit following a slamming of KSh 33.18 million ($257,000) fine on Guaranty Trust Bank Kenya. Kenya's Competition Authority (CAK) decided on February 24, 2026, that the GTCO’s Kenyan outpost engaged in unfair and misleading conduct during the management and renewal of a corporate credit facility with a local client, ASL Limited. CAK also ordered GTB Kenya to refund improperly charged fees” of up to KSh 13.21 million ($102,00
