Kamis, 05 Desember 2013

AFRICA INVESTMENT-Intrepid bankers reap rewards in Africa's newest state

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By Andrew Green and Duncan Miriri JUBA/NAIROBI (Reuters) - Kenya Commercial Bank started small in Africa's newest nation, South Sudan - very small. Executive Martin Oduor-Otieno, sleeping in a tent at night, found a shop he could rent in Juba that was just big enough to fit a partition and grill, the basic requirement to open KBC's first branch. KCB now has 21 branches in South Sudan generating 9 percent of the group's 15.2 billion Kenyan shillings in pretax profit for the first nine months of 2013. The scope for banking expansion in Africa looks vast.
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