KCB Group participates in 9th Africa Leadership Summit in London

KCB Group is looking to deepen its play in facilitating trade across borders, riding on partnerships and its footprint across Eastern Africa and beyond. This emerged at the 9th Africa Leadership Summit in London UK, in which KCB took part.

Themed Africa Unleashed: Navigating Disruptions, Enhancing Opportunities, the forum brought together policymakers, political and business leaders, diplomats, civil society leaders, thought leaders, and stakeholders from Africa, the UK, and around the world to engage in discussions on various issues related to the social, economic, and environmental sustainability of Africa.

Our Group CEO Paul Russo was one of the keynote speakers at the 2 days summit. “As a Pan-African banking institution, we desire to play a bigger role in facilitating trade across Africa and beyond” he said.

To this end, KCB has signed up to the Pan African Payment and Settlement System (PAPSS) in a move meant to facilitate the settlement of cross-border transactions. “With this partnership, KCB and its subsidiaries has access to PAPSS’s cutting-edge platform, enabling them to seamlessly settle cross-border transactions. By eliminating the complexities associated with traditional payment systems, the bank will be able to provide its customers with a more convenient and streamlined experience, facilitating increased trade and economic cooperation across Africa.” CEO Paul Russo said

KCB is East Africa’s largest commercial Bank by profitability and assets, with operations in seven countries and representative offices in Ethiopia and Brussels. With assets of over $14.3. billion, KCB serves over 38 million retail and corporate banking customers primarily through digital channels and close to 600 branches.

The Bank has a wide network of correspondent relationships with over 200 institutions across the globe.