PRESS RELEASE – FOR IMMEDIATE RELEASE
The Africa Fintech Summit (AFTS) is pleased to announce that KCB Group PLC, East Africa?s largest indigenous banking group by asset size, will be partnering with AFTS as a sponsor for the November 21st summit in Addis Ababa, Ethiopia.
The sponsorship is in line with KCB?s focus to embrace innovation and digitization beyond its current realm of operations, with a view to serve its customers better by providing efficient and affordable services.
Over the years, KCB has grown and spread its wings into Tanzania, South Sudan, Uganda, Rwanda, Burundi and Ethiopia (Rep). In addition to the banking businesses in these markets, KCB Group has added to its Kenyan banking subsidiaries the National Bank of Kenya (NBK), a listed lender.
?We are thrilled to have KCB Group join us for the AFTS Addis event and to have Joshua share his wealth of insight on future-proof banking as an acknowledged influential economic leader in Africa. Banks are an integral part of the fintech ecosystem in Africa and having such a prominent bank like KCB Group, that has both a Pan-African footprint and an Ethiopian expansion plan, be a part of the conversation will be fantastic.? said Zekarias Amsalu, Founder and MD of Ibex Frontier and a co-organizer of AFTS.
Today, KCB Group Plc has the largest branch network in the region with 330 branches, 1,076 ATMs and over 18,818 merchants and agents offering banking services on a 24/7 basis in East Africa. Additionally, KCB Group owns KCB Insurance Agency, KCB Capital Limited, KCB Foundation and Kencom House Limited as non-banking businesses.
This is complemented by mobile banking and internet banking services with 24-hour contact center services for their customers to get in touch with the Bank. The Bank has a wide network of correspondent relationships totaling over 200 banks across the globe and customers are assured of seamless facilitation of their international trade requirements wherever they are.
Joshua Oigara, the KCB Group CEO and MD, who will be a keynote speaker at the forum, notes that fintech is gaining significant momentum and causing disruption to the traditional value chain, prompting banks to seek new growth opportunities through the frontier.
?Today, most countries have deeper and more stable financial systems, thanks to innovations that have helped Africa leapfrog more traditional banking models. The banking sector in particular has benefited from the rapid penetration of mobile technology across the continent with Kenya being a frontrunner in this space? said Mr. Oigara.
?Such technological advancements are not just shaping how people interact with one another; they are also changing the behavior and expectations of customers who are increasingly becoming used to the immediacy offered by technology,? added Mr. Oigara who is also the Chairman of the Kenya Bankers Association, an industry lobby.
In addition to KCB Group, AFTS Addis is also sponsored by Amole, Flutterwave, M-BIRR & IrisGuard. Strategic partners for the summit include PeaceTech Lab, Corporate Council on Africa, Startup World Cup, the US-Nigeria Council, ICT-ET and the Congo Business Network. The 4th edition of AFTS will focus on the future of banking, mobile money growth and integration, E-commerce, policy and regulation, blockchain, digital identity, remittances, and financial inclusion.
Tickets for AFTS Addis Ababa are on sale now. To learn more or to register, visit https://africafintechsummit.com/v2/.
For more information, please contact Cambria Hayashino, Director of Communications, AFTS at cambria@african-fintech-summit.websitepro.hosting
About KCB Group PLC
KCB Group Plc is East Africa?s largest commercial Bank that was established in 1896 in Kenya. Over the years, the Bank has grown and spread its wings into Tanzania, South Sudan, Uganda, Rwanda, Burundi and Ethiopia (Rep). Further to the banking businesses in these markets, KCB Group has added to its Kenyan banking subsidiaries the National Bank of Kenya, a listed lender. Today KCB Group Plc has the largest branch network in the region with 330 branches, 1,076 ATMs and over 18,818 merchants and agents offering banking services on a 24/7 basis in East Africa. Additionally, KCB Group owns KCB Insurance Agency, KCB Capital Limited, KCB Foundation and Kencom House Limited as non-banking businesses. This is complemented by mobile banking and internet banking services with a 24-hour contact center services for our customers to get in touch with the Bank. The Bank has a wide network of correspondent relationships totaling over 200 banks across the globe and our customers are assured of seamless facilitation of their international trade requirements wherever they are.
For further information about KCB Group, please contact Judith Sidi Odhiambo, Group Head of Corporate & Regulatory Affairs; email: jsodhiambo@kcbgroup.com
