KCB Group Strengthens Digital Payments Presence Through Pesapal Investment
The agreement marks a strategic investment aimed at driving innovation in digital payments and enhancing financial inclusion for small and micro enterprises across Kenya and the region.
KCB Group Plc has announced that it has entered into an agreement to acquire a minority stake in Pesapal Limited, a leading payment service provider licensed by the Central Bank of Kenya. The agreement marks a strategic investment aimed at driving innovation in digital payments and enhancing financial inclusion for small and micro enterprises across Kenya and the region.
According to the announcement, the investment will support the development of innovative payment and related solutions designed to enhance value for shareholders of both Pesapal and KCB. The partnership aligns with KCB’s commitment to advancing digital transformation within the financial ecosystem and supporting Kenya’s growing fintech sector.
The transaction remains subject to customary conditions, including regulatory approvals from the Central Bank of Kenya. The announcement was signed on behalf of the KCB Board by Bonnie Okumu, Group General Counsel and Company Secretary, dated 31 October 2025. Advising KCB Group on the transaction are KCB Investment Bank Limited as the Transaction Adviser, and DLA Piper Africa, Kenya (IKM Advocates) as the Legal Adviser.
The investment reflects KCB Group’s continued efforts to strengthen its position in digital financial services and underscores its focus on enabling seamless, innovative payment solutions that empower businesses and consumers across the country.
The Capital Markets Authority (CMA) approved the publication of the announcement but clarified that it assumes no responsibility for the accuracy of the statements contained within it.
With this move, KCB Group continues to expand its footprint in Kenya’s dynamic fintech landscape, reinforcing its mission to deliver inclusive, technology-driven financial solutions.
