KCB Acquires Minority Stake in Pesapal

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KCB Group Plc announced plans to acquire a minority stake in Pesapal Limited, a digital payment service provider licensed by the Central Bank of Kenya (CBK). The investment aims to expand KCB’s presence in Kenya’s fast-growing digital payments sector and support innovative financial solutions for small and micro enterprises. The deal, announced on October 31, is subject to regulatory approval from the CBK and the Capital Markets Authority.