KCB to expand network in Sudan

by Richard Kilner

Story link: KCB to expand network in Sudan

The Kenya Commercial Bank (KCB) has opened a new mega branch in southern Sudan, the second in Juba and the fifth in the region.

As well as the opening of Buluk branch, the KCB has promised to open ten more branches in Sudan.

President Salvar Kiir Mayardit was present at the opening ceremony and became the first customer to open a KCB Advantage Banking account at the branch.

Mayardit praised the KCB’s efforts to bring more private investment to the region and promised government support, appointing the bank the sole tax collection agent for the government of Southern Sudan.

The president also said he would encourage government officials to open new accounts with the KCB.

KCB Group chief executive Martin Oduor-Otieno has stated that the firm intends to open another 10 branches in the region over the course of the next 12 months.

The bank has operated in Sudan since mid-2006, when its first branch in Juba was opened.