Browsing: Kenya Commercial Bank (KCB)

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The Kenya Commercial Bank (KCB) is expected to create 1 million direct and 500, 000 indirect jobs between now and 2024.

Through the bank’s 2jiajiri programme, the 5-Year nationwide plan will be implemented through the KCB Foundation, the social investments arm of KCB Group.

The programme has secured KShs10 billion (USD100 million) funding from the MasterCard Foundation for scaling up 2jiajiri programme that seeks to empower youth entrepreneurs for job creation.

MasterCard extended the funding under its MasterCard Foundation’s Young Africa Works programme which was launched yesterday in Nairobi on June 20 by President Uhuru Kenyatta.

Growing Africa’s micro, small and medium-sized enterprises

Kenyatta said Africa has to invest more in its youth for it to become a continent of hope and prosperity.

He promised to host a summit on jobs to engage directly with young people each year keep promising to keep up the momentum to create more jobs

Foreign investment in Ethiopia is growing and the banking industry is opening up after decades of prohibitive regulations which locked out foreign investors.

Equity Bank is the newest and the second financial institution after KCB to open a representative office in Kenya’s northern neighbour.

The Bank has set up a Commercial Representative Office in Addis Ababa, Ethiopia as it prepares to commence operations.

Kenya Commercial Bank (KCB) opened its Ethiopian representative office in 2015.

Reports indicate that KCB is looking to open a fully-fledged subsidiary or partner with an Ethiopian bank once the market is opened to foreign lenders.

“Our main area of focus is to have a business and presence in Ethiopia. We hope that by the end of 2020 we can be allowed to go further whether by opening a branch or through our mobile lending platform,” KCB chief executive Joshua Oigara was quoted by Kenya’s Business …