Foreign investors up KCB stake with extra 69 million shares

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Nairobi Securities Exchange (NSE) on the trading floor of the Exchange building. 

Photo credit: File | Nation Media Group

Foreign investors accumulated new shares in KCB Group at the fastest pace in 10 years in 2024, contributing to the bank’s share price rallying by 90 percent in the period.

Regulatory filings show that the foreign investors bought 69.3 million KCB shares in the 12 months to December, taking their total ownership of the bank to a four-year high of 355.48 million shares.

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