Tanzania regulator reveals KCB’s 22.23% stake in payments firm Pesapal

KCB Group, Kenya’s largest commercial bank by assets, will acquire a 22.23% stake in Kenyan payments company Pesapal, giving the lender indirect control of Pesapal’s Tanzanian subsidiary, according to Tanzania’s competition regulator. The Fair Competition Commission (FCC) disclosure provides the first public figure for a transaction KCB has kept undisclosed since announcing it in 2025. The value of the stake has not been disclosed, and the acquisition remains subject to regulatory review.