KCB targets Uganda acquisitions

The Kenya Commercial Bank (KCB) Group is considering buying out a bank in Uganda to shore up its market share. East Africa’s biggest lender by assets disclosed the plan during a briefing with research analysts last week. “Management also noted that KCB’s focus was to have at least 10 per cent share in all markets it operates in. To this end, management hinted on possible acquisitions, especially in Uganda,” said Standard Investment Bank in a note to investors.

Wednesday May 16 2012

By Monitor Correspondent