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KCB to acquire two lenders at Sh4.4b

KCB Group CEO Joshua Oigara during KCB Group 2019 half-year investor briefing. [Standard]

KCB Bank has moved to snap up banks that were snubbed by its rival Equity as it expands its network in the region.

The lender says it has signed an agreement with London-listed Atlas Mara to acquire the latter’s banks in Rwanda and Tanzania at Sh4.4 billion.

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