Nairobi, May 29 -- I&M Group spent Sh1 billion last year to acquire an additional 17 percent stake in its Tanzanian banking subsidiary through a capital injection and the buyout of other investors.

The twin transactions increased its ownership in I&M Bank Tanzania Limited to 95.51 percent in the year ended December 2025 from 78.51 percent a year earlier.

The acquisition followed the purchase of shares held by development finance institution Proparco and Microfinance East Africa Ltd (MEAL), alongside participation in rights issues.

"The increase from 78.51 percent in 2024 to 95.51 percent in 2025 is explained by two separate steps. First, I&M Group subscribed for the rights issue undertaken by I&M Bank Tanzania in 2025," Gauri Gupta, I&...