KCB’s 22.23% Pesapal Stake reveals how the bank is building its payments business

KCB Group announced the investment in Pesapal last November. What it did not disclose was how much of the Kenyan payments company it planned to buy. That figure, 22.23%, has now emerged from Tanzania’s Fair Competition Commission, which is reviewing the transaction because the acquisition would give KCB indirect control over Pesapal Tanzania.