This is after it entered an agreement with the shareholders of TMB to acquire a majority stake in the bank. Andrew Wambari Kairu, KCB Group Chairman, said the acquisition is aligned with the bank’s strategic focus of scaling its regional presence. KCB Group Chairman Andrew Wambari Kairu. [Wilberforce Okwiri, Standard]“We are very excited about the opportunities KCB offers in this transaction and we are proud to bring our unique DRC insights and experience to the KCB Group. KCB has also acquired National Bank of Kenya in an expansion spree that has characterised competition among Kenya’s top lenders.

Source: Standard Digital August 02, 2022 23:30 UTC