The Competition Authority of Kenya (CAK) has granted conditional approval to KCB Group, Kenya’s largest lender by assets, for its acquisition of a 75% stake in Riverbank Solutions, a leading Kenyan payments technology firm. The transaction, valued at approximately US$15…
Two Kenyan banking giants, KCB Group and Equity Group, have secured spots in Africa’s top five best-performing banks in the prestigious annual ranking by The Banker, a Financial Times publication, with KCB placed third and Equity fifth on the continent.…
Access Bank has officially finalized the acquisition of the National Bank of Kenya (NBK) from KCB Group, marking a strategic milestone in the Nigerian lender’s expansion into the Kenyan financial sector. The acquisition received all necessary regulatory approvals and will…
KCB Group has signed an agreement to acquire 85% stake in the Democratic Republic of Congo (DRC)-based lender Trust Merchant Bank (TMB). The two lenders said in a joint statement that the transaction is expected to close by the end…
