The Times previously reported Kenyan police believe Mr Scott had visited a bar in the upmarket Westlands area of Nairobi on the day before he disappeared.
They also found Mr Scott had bruises on his hands, suggesting he was tortured before being killed and dumped in Makongo Forest, around 60 miles southeast of the Nairobi, where his body was discovered on February 22.
Police believe Campbell Scott was held in Nairobi slum while captors attempted to steal money from his bank account.
In a statement on Monday evening, Fico confirmed that Nairobi police had identified the body as Mr Scott’s.
The businessman, who was born in Fife, Dunfermline, was in the African country attending a conference at the JW Marriott hotel in Nairobi for the data analytics company Fico.