Kenyan KCB Group enters DRC with the acquisition of TMB Bank

DRC – KCB Group, the Kenyan financial services holding company, is set to acquire a majority stake in DRC-based TMB Bank, marking its entry into the country with a population of over 93 million people. The transaction is expected to close by the end of the third quarter of 2022, subject to regulatory, shareholders, and other approvals. KCB will acquire…

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