KCB eyes 2026 Ethiopia entry
Kenya’s largest bank by asset base seeks to expand its regional footprint...
✨ Key Highlights
KCB Group is targeting a market entry into Ethiopia by the end of 2026 through the acquisition of a local bank. The Kenyan lender has finalized its shortlisting process and identified a potential target entity.
- KCB Group aims to expand its regional footprint in Ethiopia.
- The bank plans to finance the acquisition using proceeds from the sale of National Bank of Kenya.
- Entry may involve navigating Ethiopian regulations on foreign shareholding, which currently caps at 49 percent but allows for exceptions by the National Bank of Ethiopia.
Continue Reading
Read the complete article from Nation Business
Part of the Day's Coverage
SHA Begins Disbursing Sh11.1bn to Hospitals for Claims - March 2026
The Social Health Authority (SHA) has started disbursing Sh11.1 billion to hospitals across Kenya to settle approved claims under the Social Health Insurance Fund (SHIF), aiming to alleviate financial strain on healthcare providers. The Energy and Petroleum Regulatory Authority (EPRA) has decided to maintain current fuel pump prices for the upcoming month, despite a recent surge in global oil prices attributed to tensions in the Middle East involving Iran. Separately, KCB Group is targeting market entry into Ethiopia by the end of 2026 through the acquisition of a local bank, having finalized its shortlisting process and identified a potential target entity.
