KCB Group Plc has announced that it has acquired a minority stake in Pesapal Limited, a company licensed by the Central Bank of Kenya to provide payment services.
In a statement, KCB Group General Counsel and Company Secretary Bonnie Okumu said the investment will support the development of modern payment solutions for small and micro enterprises across the country. He added that the move is expected to create value for shareholders of both KCB and Pesapal.
“We are delighted to inform our shareholders and the investing public that KCB Group Plc has, on October 30, 2025, entered into an agreement to acquire a minority stake in Pesapal Limited,” the statement read.
The deal is subject to several approvals, including final clearance from the Central Bank of Kenya. The Capital Markets Authority has already approved the transaction.
Pesapal is known for providing digital payment services to businesses, including mobile money and card payment platforms.
