KCB Group #ticker:KCB plans to acquire the 24 percent stake owned by minority investors in its Rwandan subsidiary Banque Populaire du Rwanda Plc (BPR) next year.
The Kenyan banking multinational recently bought a 62 percent stake from London-based Atlas Mara Limited and another 14 percent from private equity firm Arise, bringing its ownership in BPR to 76 percent.
