KCB forecasts huge operating loss
Kenya Commercial Bank (KCB) Rwanda, a subsidiary of the Kenya-based KCB Group, has said it will incur a huge loss this year, the biggest ever on account of high start up costs. The Bank says it has invested approximately $13 million in terms of fixed assets, staffing, training and paying costs related to its green field operations, launched in 2008.
Maurice Toroitich, the Managing Director of KCB