KCB Group Plc has announced plans to acquire a minority stake in Pesapal Limited (Pesapal).

KCB Group General Counsel and Company Secretary, Bonnie Okumu, said the Group entered into an agreement with Pesapal on October 31, 2025.

“We are delighted to inform our shareholders and the investing public that KCB Group Plc (KCB) has, on October 31, 2025, entered into an agreement to acquire a minority stake in Pesapal Limited (Pesapal). Pesapal is a limited liability company licensed by the Central Bank of Kenya as a payment service provider,” Okumu said.

How the Deal Will Help KCB

Okumu stated that the acquisition will drive the development of innovative payment solutions for Kenya’s small and micro enterprises, creating greater value for both Pesapal and KCB shareholders.

He said the deal will pave the way for new digital payment innovations aimed at empowering small and micro businesses while enhancing returns for investors in both companies.

“The investment sets the stage for development of innovative payment and other related solutions for Kenya’s small and micro enterprises, enhancing value for shareholders of both Pesapal and KCB,” he stated.

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CBK Approval

Okumu added that the investment is subject to standard conditions for such transactions, including regulatory approval from the Central Bank of Kenya.

“The investment is subject to conditions that are customary to transactions of this nature, including receipt of regulatory approvals from the Central Bank of Kenya,” he added.

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KCB has announced plans to acquire a minority stake in Pesapal Limited. PHOTO/KCB.