African investment company Arise has sold its shareholding in Banque Populaire du Rwanda Plc (BPR) to KCB Group in Kenya. This development comes on the back of securing all the regulatory approvals in Kenya and Rwanda, and has resulted in KCB becoming the majority shareholder in BPR, Rwanda’s second largest bank.

According to Deepak Malik, Arise chief executive officer, since inception Arise was fortunate to be able to contribute to the growth trajectory of BPR and believes that the ...