The State-controlled National Social Security Fund (NSSF) raised its stake in listed lender KCB by 3.33 million shares in the second quarter of this year, taking its total outlay on the bank’s stock to Sh11.5 billion.
The NSSF now owns 272.6 million shares in the tier-one lender, equivalent to a stake of 8.48 percent, which has cemented its position as KCB’s second-largest shareholder after the National Treasury, which maintained a 19.76 percent stake in June.
