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KCB downplays performance hit from Congo war
From left: Kenya Commercial bank (KCB) Group CEO Paul Russo, Group Chairman Dr Joseph Kinyua and Group Finance Director Lawrence Kimathi pose during the banks Financial Year (FY) 2024 Results announcement at Radisson Blu Hotel on March 12, 2025.
Photo credit: Francis Nderitu | Nation Media Group
KCB Group has downplayed the impact of the ongoing conflict in the eastern Democratic Republic of Congo (DRC) on its business performance, saying the restive region only accounts for 10 percent of the earnings of its subsidiary there.
The mineral-rich east of the DRC is presently under conflict after fighters from the M23 rebel group advanced quickly and captured Goma city in North Kivu on the border with Rwanda last January. The rebels have since seized another key town in the region, South Kivu’s capital Bukavu.
