KCB Group shareholders approve the proposed acquisition of BPR and BancABC

EAST AFRICA – Shareholders of KCB Group, the Kenyan financing company, have approved the proposal to acquire up to 100% of the issued ordinary shares in Banque Populaire Du Rwanda (BPR) and a 100% stake in African Banking Corporation Tanzania Limited (BancABC). The twin acquisitions in Rwanda and Tanzania are part of KCB Group’s ongoing strategy to achieve regional relevance and will increase the brand’s footprint while reinforcing existing market capabilities. The transactions follow the offer made by KCB Group late last year and having now received shareholder approval, they…

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