Business & Economy3 stories from 2 sources
The Competition Authority of Kenya (CAK) has officially approved KCB Group PLC's acquisition of Riverbank Solutions Limited, a fintech firm. This transaction was first announced in March 2025. In a separate deal, KCB Group also received approval to acquire the Mwendwa firm. These corporate acquisitions are taking place as Kenya's economy is projected to demonstrate resilience and growth into 2026, according to a report from Mastercard. The report states that this growth will be primarily fueled by strong domestic demand. The economic outlook is also supported by increasing digital inclusion and diversified trade relationships.