Kenyans’ stake in KCB jumps to new high of 65 percent


Business Daily | by Patrick Alushula

Local investors have snapped up Sh4.47 billion KCB Group shares or an additional 3.9 percent stake in the six months to September as foreign investors sold out in the wake of Covid-19 pandemic disruptions.

Latest KCB shareholder profile for September shows that locals took up an additional 124.899 million shares in Kenya’s top lender, rising their stake to all-time high of 2.089 billion shares or 65.04 percent.

This is compared with the 1.964 billion shares or 61.15 percent of…

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