This becomes the second country to enter the mineral rich-nation Kampala, Uganda | THE INDEPENDENT | Regional lender, KCB Group PLC has received a no objection to acquire Trust Merchant Bank SA (TMB) in the Democratic Republic of Congo. KCB Group obtained the regulatory green light in Kenya, the Democratic Republic …
Read More »Stanbic, dfcu appears among the top 20 banks in East Africa
Kenyan banks dominate the ranking taking 10 slots but also performing poorly in the Top 100 banks in Africa | THE INDEPENDENT | Stanbic and dfcu banks are the only Ugandan banks that have appeared in the East African Top 20 banks despite banks recovering from the impact of the …
Read More »KCB enters DRC market
The move gives the lender access to Africa’s second-largest country with a population of over 93 million people Kampala, Uganda | KAMPALA, UGANDA | Regional lender, KCB Group, has followed the footsteps of Equity Bank to venture into the Democratic Republic of Congo. KCB Group, which already has operations in …
Read More »KCB Uganda to handle Airtel Money cash
The partnership will enable customers borrow mobile loans for as low as Shs300 and earn interest on savings for as high 9%, respectively Kampala, Uganda | ISAAC KHISA | Telecom operator, Airtel Uganda, has appointed KCB Uganda as a trust account holder for its mobile financial services Airtel Money in …
Read More »KCB Bank Uganda donates protective gear, sh8.7M to Ayile School in Lira
Lira, Uganda | THE INDEPENDENT | KCB Bank Uganda has handed over Personal Protective Gear (PPE) and a sum of sh8.7 million for the procurement of class desks to Ayile Primary School in Lira District as it seeks to improve the learning conditions for children in rural areas. While handing …
Read More »An organization’s internal auditing function must be independent but not isolated
In carrying out their work, internal auditors must focus on three areas – Risk Management, Risk Control and Governance. COMMENT | Francis Banalekaki Yiga | For any business or organization, there will always be risks that could ultimately tarnish its reputation, dampen stakeholder confidence or in worst case scenario, sink the organization …
Read More »KCB Bank Uganda donates Sh7m towards surgery of vulnerable children at Cure Hospital
Mbale, Uganda | THE INDEPENDNET | KCB Bank Uganda has in honor of the Neuro-surgery Week, commenced its annual CSR drive, with a donation of Sh7 million to Cure Hospital in Mbale district.The donation will facilitate surgical operations for vulnerable children with life threatening conditions that include; Hydrocephalus, spinal …
Read More »Kenya’s I&M completes majority acquisition of Orient Bank
What it means for clients and banking sector Kampala, Uganda | JULIUS BUSINGE | Kenya’s I&M Bank has completed the majority acquisition of Orient Bank Ltd from 8 miles LLP and Morka Holdings Limited, executives said on April.30. The Kenyan lender follows the footsteps of DTB, KCB, Equity and NCBA …
Read More »Othieno Mayende is new Chairman of KCB Bank Uganda
Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda Limited has appointed Constant Othieno Mayende its chairman Board of Directors. Othieno Mayende will replace Aga Sekalala Jr, whose term recently came to an end. Othieno Mayende has over 23 years’ experience in banking, strategy formulation, business development, financial management, …
Read More »KCB Bank Uganda appoints Nantongo head corporate banking
Kampala, Uganda | JULIUS BUSINGE | KCB Bank Uganda Limited, has appointed Ramla Nantongo, a seasoned banker, as head corporate banking. She joins KCB Bank from NCBA Bank (formerly NC Bank) where she was heading the Corporate and Commercial business units. Her appointment comes a week after Agnes Namyalo …
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