Home | News    Thursday 8 December 2011

KCB establishes financial platform to boost regional trade

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By Julius N. Uma

December 7, 2011 (JUBA) - Kenya Commercial Bank (KCB), East Africa’s largest commercial bank has established a cross-border financial platform as a mechanism to facilitate regional trade and ensure its clients access easy banking services, John Kimanthi, KCB Sudan’s managing director said.

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An external view of KCB Buluk branch in Juba, South Sudan. Dec. 7, 2011 (ST)

Under the new initiative, he exclusively told Sudan Tribune, the bank’s operation will be supported by one information technology system to facilitate transactions for KCB customers across the region, currently comprising of Uganda, Kenya, Tanzania, Rwanda and South Sudan.

“With the cross-border platform in place, we shall be able to facilitate any kind of trade, including the process of importing goods into South Sudan,” said Kimanthi.

The bank, which was officially licensed in April 2006, but began full operations in South Sudan a month later with just two branches, now boasts of 19 branches spread all over the 10 states of Africa’s newest nation. It currently has over 70,000 clients.

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John Kimanthi, KCB Sudan’s managing director displays a certificate awarded to the bank in Juba. Dec. 7, 2011 (ST)

KCB has announced plans to sponsor 30 secondary school girls, three from each of South Sudan’s 10 states, as part of the campaign to promote the girls education. The selection criteria, the bank’s managing director said, will be performance-based, but targeting needy students.

“To select the girls for the scholarship, we shall use our state branches and the education ministry in the respective states,” Kimanthi said, while adding that will also the bank will also train 50 teachers.

The education programme, he noted, is a component of the bank’s foundation fund
partnership; a broad-based initiative that focuses on five thematic areas of enterprise development, health, environment and humanitarian assistance.

In South Sudan, for instance, KCB has reportedly provided materials, facilitating teachers’ training and constructing schools.

(ST)

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  • 8 December 2011 08:00, by Madingthith

    Congratulation KCB,

    If you really implemented the points you highlighted in the article you might be doing right thing in South Sudan but don,t be bankruptcy like what NCB did with it clients funds.

    Training of Teachers, construction of Schools and sponsoring of girls from secondary is a tangible kind of human development we are looking for but don,t lie to the public scene. Go on pliz

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  • 8 December 2011 08:21, by Brother Billy

    Bravo KCB,
    You guys are true Africans but do not make a mistake of assigning the ministry of education alone to select the students to be sponsored for they will not follow the selection criteria as they may select their own daughters although they are not so competitive to qualify or meet the selection criteria. What about boys KCB? I don`t know why are men hating each other. Happy are girls!

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    • 8 December 2011 08:36, by Sir. Nostalgic

      KCB looted South Sudanese population really for too long since our government is still sleeping and so, God put in their hearts to do that better thing to South Sudan. RoSS is still sleeping but when will she wake up from long and deep sleep. Sorry! I heard of about 40% of South Sudanese has been sold to private companies which is going to be worse than we maintain our land. Shame of GoSS!

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      • 8 December 2011 08:39, by Sir. Nostalgic

        ... I mean; 40% of South Sudanese land has been sold to private companies which is completely disastrous!

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  • 8 December 2011 09:32, by philipdit wol

    Thank you very much for your plans, that is part of good relationship management of (KCB). if you would manage to organize at least some of the importance issues like Girl school and teachers training which is the deadly disease of our Country to delivery a better quality of Eduction rather than quantity of Education to our nation.

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