Kenya: KCB Signs Deal to Buy Two Banks in Rwanda, Tanzania

KCB Group has signed a deal with London-listed financial services firm Atlas Mara Limited to buy stakes in it's banking units in Rwanda and Tanzania, its chief executive Joshua Oigara announced on Thursday.

The proposed transaction will see Kenya's biggest lender by assets acquire Banque Populaire du Rwanda Plc (BPR) and the African Banking Corporation Tanzania (BancABC).

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