The State-controlled National Social Security Fund (NSSF) has bought an additional 19.6 million shares in KCB Group #ticker:KCB with a current market value of Sh719.4 million, boosting its stake in the country’s biggest bank.
Regulatory filings show that the pension fund had raised its ownership in the Nairobi Securities Exchange-listed lender to 248.3 million shares or a 7.73 per cent equity in KCB as of August.
