KCB plans to buy out minority shareholders in Rwanda unit



Business Daily | by Victor Juma


KCB Group plans to acquire the 24 percent stake owned by minority investors in its Rwandan subsidiary Banque Populaire du Rwanda Plc (BPR) next year.

The Kenyan banking multinational recently bought a 62 percent stake from London-based Atlas Mara Limited and another 14 percent from private equity firm Arise, bringing its ownership in BPR to 76 percent…

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