The Board of Directors of Diamond Trust Bank Kenya (DTB) has announced plans to sell its 83.67% stake in DTB Burundi to a consortium of primarily Burundian investors, including the bank’s existing minority shareholder, following the signing of a conditional sale and purchase agreement.
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According to DTB, the transaction serves two objectives: supporting local investors committed to advancing financial inclusion in Burundi, and refocusing the group on its core markets of Kenya, Uganda, and Tanzania.
The deal remains subject to approvals from the Central Bank of Kenya (CBK), the Bank of the Republic of Burundi, the Capital Markets Authority, and other relevant regulators. In line with the requirements of the Nairobi Securities Exchange (NSE), DTB has issued a Cautionary Announcement, advising shareholders and investors to exercise caution when trading the bank’s shares until the transaction is finalized.
DTB Burundi, which began operations in 2009 with a single branch in Bujumbura, has since expanded to four branches and is now ranked among the top ten banks in the country, serving both retail and business clients.
For the financial year ended 31 December 2024, DTB reported a consolidated net profit after tax of KSh 7.64 billion, compared to KSh 6.88 billion in 2023. The Kenyan entity generated a net profit of KSh 5.31 billion, with total operating income of KSh 41.43 billion and operating expenses of KSh 30.16 billion.
