KCB Group buys 75pc stake in ex-FKF boss’ fintech firm

Former president of Football Kenya Federation (FKF) Nick Mwendwa.

Photo credit: File | Nation Media Group

KCB Group has inked an agreement to acquire a majority stake in an IT firm associated with former Football Kenya Federation president Nick Mwendwa, in a deal insiders said will be worth about Sh2 billion.

Riverbank Solutions, the financial technology firm, was founded by Mr Mwendwa 15 years ago.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.