Wednesday, April 13, 2011

More cash for loss-making KCB Uganda

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Kenya Commercial Bank (KCB) plans to inject Shs19 billion to rejuvenate business in loss-making operations in Uganda, Tanzania and Rwanda. KCB - Uganda will get Shs11 billion, Tanzania Shs2.3 billion while the bank’s operation in Rwanda will receive Shs5.8 billion, management said.

KCB chairman, Peter Muthoka, told the media in Nairobi while releasing the banks performance results for the year ending December 2010 that the board had already approved further capital injection into the

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