KCB Bank Profits Up

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KCB Bank Profits Up

Special Correspondent - May 17, 2018

KCB Group #ticker:KCB posted a 14.1 per cent net profit rise in the first quarter ended March buoyed by increased lending. Kenya’s biggest bank said...

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The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) hosted a spectacular celebration of African women’s excellence at the2025 AWIEF Awards, held on Friday evening at the Cape Town South Africa. The glittering gala honoured women entrepreneurs and leaders driving innovation, sustainability, and inclusive growth across the continent. Eight exceptional winners were announced, each representing the transformative power of women-led initiatives in Africa. Since its inception in 2016, the AWIEF Awards have been a beacon of recognition and inspiration for women in business and leadership. Beyond celebrating success, the Awards aim to empower the next generation of innovators and changemakers, fostering a vibrant pan-African community of collaboration and impact. This year’s winners and finalists came from across Africa, showcasing diverse industries including technology, agriculture, energy, creative arts, and social entrepreneurship — united by a shared vision of advancing Africa’s growth through innovation. The Awards followed the two-day AWIEF2025 Conference, which attracted over 500 delegates from 50+ countries for engaging discussions, exhibition, masterclasses, and networking sessions. The event concluded with the highly anticipated awards gala dinner, marking a fitting finale to two days of knowledge sharing and inspiration. 2025 AWIEF Awards Winners Young Entrepreneur Award Norah Kimathi – Zerobionic, Kenya Empowerment Award Mampho Sotshongaye – Golden Rewards 1981, South Africa Energy Entrepreneur Award Nidal Tafah – MIRRIAH, Morocco Creative Industry Award Soraya da Piedade – Soraya da Piedade LDA, Angola Social Entrepreneur Award Farana Boodhram – MiDesk Global, South Africa Agri Entrepreneur Award (Sponsored by OCP Africa) Linda Davis – Giraffe Bioenergy, Kenya Tech Entrepreneur Award Maryanne Gichanga – AgriTech Analytics, Kenya Lifetime Achievement Award Audrey Joe-Ezigbo – CEO, Falcon Corporation, Nigeria Voices of the Winners For Soraya da Piedade, founder of Soraya da Piedade LDA and winner of the Creative Industry Award, the recognition marks a defining moment in her journey as a designer and entrepreneur. “I’m deeply honoured and grateful to AWIEF for creating platforms like this, where we celebrate women’s creativity and leadership,” said Soraya. “This award reminds me that when we create from a place of passion and purpose, we not only build brands but also inspire others to dream bigger.” From Kenya, Linda Davis, founder and CEO of Giraffe Bioenergy and winner of the Agri Entrepreneur Award, described the moment as “surreal.” “It’s my first time winning an award like this, and I am beyond excited,” said Davis. “AWIEF has given women like me a powerful space to share our work, connect with others, and be recognized for driving change in our communities. This win belongs to every woman farmer and entrepreneur working to build a sustainable Africa.” About the 2025 AWIEF Awards Finalists This year’s finalists included inspiring women from across Africa — from tech innovators in Botswana and Uganda to social impact leaders in Somalia, Kenya, and Zimbabwe — highlighting the depth and diversity of women’s entrepreneurial excellence on the continent.

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Sidian Bank Board Chair James Macharia said Thumbi leaves behind a strong legacy, having led a major transformation of the lender. “Mr. Thumbi has had a distinguished banking career spanning over three decades. During his tenure at Sidian Bank, he led a significant transformation of the business, including significantly growing the Bank’s Trade Finance portfolio, increasing the branch network to fifty branches and expanding digital banking and foreign exchange income streams,” Macharia said. He added that the bank strengthened its operations, improved customer experience, and achieved strong growth under Thumbi, culminating in its elevation to a Tier II bank in September 2025. In the year ended December 31, 2025, Sidian Bank posted a 502 percent jump in net profit to Sh1.73 billion. The growth was driven by higher interest and non-interest income, with net interest income rising by 54.4 percent to Sh4.4 billion, while non-interest income surged by nearly 129 percent to Sh3.8 billion.

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About 60 percent of investments will focus on climate adaptation, particularly climate-resilient agriculture and water management technologies, while 40 percent will go towards mitigation efforts such as renewable energy and energy efficiency. Through the facility, KCB will deploy flexible credit products, blended finance structures, and digital lending platforms to scale access to financing for underserved populations. “This is a bold step to scale climate finance. By targeting MSMEs and smallholder farmers, we are ensuring that no one is left behind in the transition to a climate-resilient future,” said Paul Russo. The funding comes as Kenya faces rising climate vulnerability, with over 80 percent of its land classified as arid and semi-arid. These regions frequently experience droughts and floods, causing economic losses estimated at about 3 percent of GDP annually. KCB has been ramping up its green financing efforts, having assessed loans worth Sh578.3 billion for environmental and social risks last year. This brings the cumulative total assessed since 2020 to over Sh1 trillion under its Environmental and Social Due Diligence framework. The bank also disbursed Sh50 billion in green loans in 2025, increasing its green portfolio share to 25.84 percent from 15 percent in 2023, with investments spanning energy transition, blue economy, e-mobility, and climate adaptation initiatives.

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KCB Bank Profits Up

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