‘You have to take fintechs head-on,’ says Paul Russo as KCB eyes digital expansion

AI Summary

KCB Group is planning to expand its digital banking services in Zambia, Mozambique, and Zimbabwe, focusing on technology-driven solutions rather than physical branches. However, in Ethiopia, the group still considers acquiring a traditional bank as part of its growth strategy.

KCB Group is going digital-first for its next expansion phase, targeting Zambia, Mozambique and Zimbabwe through tech rather than branches. CEO Paul Russo calls it “technology-driven” — except in Ethiopia, where a traditional bank acquisition is still on the table.