KCB to spend KSh6bn in buying Rwandan, Tanzanian banks
KCB Group CEO Joshua Oigara (right) Chairman Andrew Kairu (centre) and Group CFO Lawrence Kimathi during the release of the full-year result. PHOTO | POOL
KCB Group will spend a total of KSh6 billion to acquire two banks in Rwanda and Tanzania from London-listed Atlas Mara limited.
The amount has increased after KCB sought to make a full buyout of the Rwandan bank by making an offer to its minority shareholders who hold a combined 38 percent stake.
