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KCB Bank Uganda, a subsidiary of KCB Group, one of East Africa’s largest financial groups, reported that its net profit for 2022, grew by an impressive 344.6% from UGX7.4 billion in 2021 to UGX32.9 billion⏤the highest ever in the bank’s 15-year history in Uganda. This was driven by a 30.5% rise in income, from UGX90.9 billion to UGX118.6 billion, largely on account of a 60.7% growth in interest income on loans and advances from UGX44.2 billion to UGX81 billion. Income from lending formed 60% of the bank’s total income in 2022. KCB in 2022 pumped up its credit supply by…
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KCB Foundation and the German Development Cooperation (GIZ) have partnered to increase the employability and income generation of 2,000 Ugandan youth in the construction sector. The UGX6 billion partnership from July 2021 until June 2023 will provide youth with technical and vocational skills training. The funds will also support the provision of construction toolkits to 440 youth, to enable them to start up business enterprises in the construction sector. This project is under the Employment and Skills for Development in Africa (E4D) programme commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ), co-funded by the Norwegian Agency…
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KCB Bank Uganda has introduced Pegpay, a school fees payment option which intends to enable their customers to make School fees payments in real-time. With Pegpay system, schools will simply register to the network thus enabling parents and guardians to easily make school fees payment from any KCB branch or agent with no paperwork required. “Customers are always looking out for convenient options for conducting financial transactions, thus through our Pegpay platform, we will extend an appropriate School fees payment option where our customers can walk to any KCB Uganda branch or KCB Agent point and make payments as long…
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In line with the banks’ Corporate Social Responsibility/Investment (CSR/I) of giving back to the communities where they operate, KCB Bank Uganda has donated assorted items worth Ugx 31,750,000 to Yumbe District Local Government. The handover of the items aimed at improving the livelihoods of the individuals within the surrounding communities, was held on 20th October 2021, at Yumbe District Local Government Head Offices. Speaking at the handover, Michael Ssekyondwa, Head of Retail Banking – KCB Uganda mentioned that “The nation and the world at large are still living in the unprecedented times of COVID-19 Pandemic, and in this situation where…
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By Vincent Nyangweso For passionate and ambitious people, the opportunities and possibilities are boundless and while you could do everything, it is important to stop and do a self-assessment and see what exactly will allow you enjoy your work and give you most productivity. When you figure this out and have identified your goals and aims, next is to do research on everything related to your next job or career. Information and knowledge is the number one resource and factor to use as we prepare for the next phase. For example, study the trends, the newest technology to use, what…
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