Prime

KCB opens new subsidiary in Rwanda after merger

Joshua Oigara

KCB Group CEO Joshua Oigara (centre), chairman Andrew Kairu (right) and CFO Lawrence Kimathi during the announcement of the bank’s full-year results on on March 16, 2022. PHOTO | DIANA NGILA | NMG

By  BERNA NAMATA

KCB Group is banking on its new subsidiary BPR Bank Plc Rwanda to more than double its regional business in the next two years and support economic expansion in the East African country.

KCB said scaling its regional business was critical for the future, adding that it will bolster its investments in Rwanda. The lender is currently eyeing the newest member of the East African Community – the Democratic Republic of Congo. 

Related

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Kenya cash outflows fall by Sh25bn on Trump NGO cuts

  2. Banking lobby chief on scaling private sector credit, rates outlook and recent sector reforms

  3. PRIME 'Odd was ordinary': The unusual life of Anselm Croze

  4. PRIME Banks term capital rules on large lenders ‘premature’

In the headlines

View All