Dubai Islamic Bank (DISB.DU) plans to operate in Kenya before the end of 2016, despite Kenyan authorities’ moratorium on issuing new bank licences, according to sources. DIB will start operating at a time when Kenyan banks have come under closer scrutiny from the regulator because of increasing bad debts. Three medium-sized and small banks have been taken over by the regulator since August last year, with the latest, Chase Bank Kenya, taken over earlier this month after a run on deposits. In November the central bank placed a moratorium on the licensing of new commercial banks in an attempt to bring stability to an industry that has more than 40 banks. (Reuters)