The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards for Excellence

Africa’s best bank for corporate responsibility 2021: Kenya Commercial Bank

During Covid-19, providing support to more vulnerable sections of society has been more important than ever. Whether it’s distributing sanitary equipment or providing retailer vouchers through digital means, Kenya Commercial Bank’s KCB Foundation has stepped up to that challenge. This help, moreover, has come on the back of older initiatives that the foundation has developed over time.

Established in 2007, and now led by chairman Austen Baraza, KCB Foundation has deployed about KSh30 billion ($278 million) in community programmes across the countries in which the bank operates – Kenya, Uganda, Tanzania, Burundi and South Sudan.

One of the foundation’s most successful initiatives is 2jiajiri, which provides technical training to young people and micro-SMEs, especially in agriculture and construction, sectors for which it also provides discounted asset and capital finance for things like greenhouses. Thanks to its track record, this initiative has received KSh12.5 billion ($115.9 million) in funding from the Mastercard Foundation, with the aim to create over a million jobs through the programme over the next five years.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree