Rwanda: KCB Group PLC Signs Agreement On Proposed Investment in Pesapal Limited

Rwanda: KCB Group PLC Signs Agreement On Proposed Investment in Pesapal Limited

KCB Group Plc today entered into an agreement to invest in Pesapal Limited (Pesapal), in a transaction that is expected to significantly accelerate commerce, create pathways to prosperity, and drive digital and inclusive growth for businesses across Africa.

Agosta Liko’s Pesapal lands KCB investment

Agosta Liko has spent 16 years turning Pesapal from a scrappy checkout plug-in into one of East Africa’s busiest payment rails. Now Kenya’s biggest bank wants in. KCB Group Plc plans to acquire a minority stake in Pesapal Ltd., one of East Africa’s largest payment processors, stepping up the lender’s shift from traditional banking into digital rails that move money for merchants and consumers. Terms weren’t disclosed, and the deal requires regul…

👨🏿‍🚀TechCabal Daily – KCB wants a bite out of Pesapal

In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. While I sat down midway through work yesterday, I started crunching numbers that were not my concern. I was keen to know how much Google paid Apple to run Siri on Gemini AI. I know money changed hands somewhere; I just can’t prove it. Anyhoo, you know the drill: another edition of The Next Wave: Francophone Africa Francophone Weekly by TechCabal airs today. If you miss…