KCB

Kenya bank decides to buy bank stakes in Ethiopia

Kenya bank decides to buy bank stakes in Ethiopia

Kenya comercial bank (KCB) Group, headquartered in Nairobi, Kenya, is evaluating options to enter the market by buying shares from banks in Ethiopia. East Africa's largest bank, KCB, is active in the banking industry in Burundi, Rwanda, South Sudan, Tanzania and Democratic republic of Congo, as well as Kenya. This bank has now decided to buy shares in Ethiopian banks. However, it is not clear which Ethiopian bank the Kenyan bank has decided to buy shares from. Lawrence Kimati, the bank's finance director, stated that during his interview with Business Daily Africa, the bank had surveyed the Ethiopian banking market.…
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