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DTB sells stake in Burundi subsidiary for Sh1.2bn
Nasim Devji, the Group CEO of Diamond Trust Bank (DTB), speaking during a past event at DTB Sarit Centre Branch at Westlands in Nairobi on December 17, 2022.
DTB Group sold its 83.67 percent in the Burundian subsidiary for Sh1.27 billion as the lender exited Bujumbura after 16 years.
The Nairobi Securities Exchange (NSE)-listed lender disclosed through its latest annual report (2025) that it sold the shares at Sh1.27 billion, making a net gain of Sh592.5 million, based on the initial investment cost of Sh636.9 million in 2008 and the transaction-related expenses of Sh41.44 million.
