In April 2017, Mombasa businessman and politician Suleiman Shahbal quit the Gulf African Bank board.

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Shahbal who unsuccessfully vied for Mombasa gubernatorial post in 2013, resigned from the bank's board to try his luck in the August 8, 2017 general election.

"I didn’t want to mix politics and banking. That’s why I decided to leave the board so that I could contest for the Mombasa gubernatorial seat. When we launched the bank in 2008, it was number 42, but due to prudent management, we lifted the bank to number 21," he told a press conference.

Shahbal who had been fronted by the Jubilee Party to unseat Governor Ali Hassan Joho ahead of nominations end on April 21, addressed the press conference at Mombasa's Fort Restaurant.

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