Kenyans’ stake in KCB jumps to new high of 65 percent

A KCB branch in Rwanda. FILE PHOTO | NMG

Local investors have snapped up Sh4.47 billion KCB Group #ticker:KCB shares or an additional 3.9 percent stake in the six months to September as foreign investors sold out in the wake of Covid-19 pandemic disruptions.

Latest KCB shareholder profile for September shows that locals took up an additional 124.899 million shares in Kenya’s top lender, rising their stake to all-time high of 2.089 billion shares or 65.04 percent.

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