The Development Bank of Kenya Limited (DBK) plans to raise new capital from existing shareholders, including Kenya Development Corporation (KDC), coming months after the government announced it was considering selling the lender.
The bank, which is 89.3 percent owned by KDC, a State investment firm, is seeking a consultant to value the bank and then float a rights issue. The other shareholder is TransCentury Limited with a 10.7 percent stake.
