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Originally published by The Kenyan Wall Street
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business
September 23, 2025
2mo ago

DTB Kenya to Exit Burundi with Sale of 83.67% Stake

DTB Kenya to Exit Burundi with Sale of 83.67% Stake

DTB Kenya will sell its 83.67% stake in DTB Burundi to a local investor consortium, ending its 16-year presence. The sale awaits approvals...

✨ Key Highlights

Diamond Trust Bank Kenya has announced its plan to sell its entire 83.67% shareholding in DTB Burundi to a consortium of primarily Burundian investors. This decision aligns with DTB's strategy to concentrate on its core markets in Kenya, Uganda, and Tanzania.

  • The sale decision was approved by the DTB Kenya Board on 20 September 2025 and publicly disclosed on 23 September 2025.
  • Group CEO Nasim Devji stated that the offer represents "fair value and a return on investment" for DTB.
  • DTB Burundi's net profit nearly doubled in FY2024 to BIF 1.16 Bn, a +94.3% increase year-on-year, despite a slight contraction in its balance sheet.

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Part of the Day's Coverage

CMA Licenses New Investment Players as DTB Sells Burundi Stake - September 2025

The Capital Markets Authority (CMA) has licensed four new capital market players and approved additional investment products to expand Kenya's financial sector. Among the approvals are Etica Capital’s Multi-Asset Fund and the Acorn Build-to-Rent REIT, which aim to diversify financial offerings. Separately, Diamond Trust Bank Kenya announced its plan to sell its entire 83.67% shareholding in DTB Burundi. The stake will be sold to a consortium of primarily Burundian investors. This divestment aligns with DTB's strategy to concentrate on its core markets in Kenya, Uganda, and Tanzania.

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