DTB Kenya to Sell 83% Stake in Burundi

Diamond Trust Bank (DTB) Kenya plans to sell its entire 83.67% stake in DTB Burundi to a consortium of Burundian investors, including the existing minority shareholder. The board approved the deal on Sept 20, citing a focus on core markets in Kenya, Uganda, and Tanzania. DTB Burundi, operating four branches and among the country’s top ten banks, reported strong profitability in 2024 despite slight declines in loans and deposits. Completion awaits regulatory approvals.