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Tag Archives: KCB

Police Foil Robbery at KCB Bank

Jinja, Uganda | THE INDEPENDENT | Police has foiled a robbery at  Kenya Commercial Bank-KCB branch along main street in Jinja town. Police Spokesperson, Fred Enanga, says two private security guards attached to pinnacle security stormed the bank in the company of an unidentified person and put three bank staff at …

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KCB Bank aids 20 business club members to Tokyo

Kampala, Uganda | JULIUS BUSINGE | Twenty members of KCB Bank Uganda’s Business Club at the weekend flew to Tokyo, Japan as part of the bank’s annual entrepreneurial drive. In Japan, the members will meet possible suppliers and marketers for their goods and services and also see cheaper technologies that …

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Banks keep interest rates on hold

Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …

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KCB auctions Rwanda’s Ubumwe Grande Hotel

Kampala, Uganda | THE INDEPENDENT | Rwanda’s Ubumwe Grande Hotel fetched $34.053 million in as auctioneers that was held on Dec 24 to recover money owed to Kenya Commercial Bank’s Rwandan unit. The winning bid for the property was offered by Umubano Industries. Reports indicate that more than a dozen interested parties …

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Banks rollout agent banking

The new banking model is expected to deepen financial inclusion Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks have started rolling out agent banking following Kenya and Rwanda’s footsteps in an effort to grow deposits and customer base. This follows the coming into force of the Financial Institutions Act …

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KCB set to roll out agency banking

Kampala, Uganda | ISAAC KHISA | Regional lender, KCB, is set to rollout agency banking by close of the year as it strives to grow profitability. This follows the lender’s approval from the Bank of Uganda, two weeks ago, in line with the new Financial Institutions (amendment) Act. Joram Kiarie, the …

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