Sharp Daily
No Result
View All Result
Thursday, October 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

KCB Commits Ksh130M To Drought Response

Editor SharpDaily by Editor SharpDaily
November 23, 2022
in News
Reading Time: 2 mins read
KCB Bank Kenya

The Kenya Commercial Bank (KCB ) has committed Ksh130 million to support the country’s drought response initiative, providing food and essentials to thousands of households.

The support will go towards augmenting government efforts in cushioning households hard hit by the ravaging drought and who now require an urgent supply of foodstuff and water.

The funds will be channelled through the Kenya Bankers Association-led drought response (Ksh100 million) while the rest will be through the KCB Foundation, the social investment arm.

The bank through the Foundation has already distributed food to various ASAL counties including Kajiado, Wajir, Isiolo and is scheduled to reach ten more counties that have been adversely affected by the drought.

RELATEDPOSTS

KCB

KCB Group Injects an Additional SH1.2 Billion in its Ugandan Unit

May 30, 2023
KCB Group CEO Paul Russo left, together with Safaricom PLC CEO Peter Ndegwa after signing the climate commitment act at the Michael Joseph Centre today during the Safaricom Sustainable Business report launch.

Safaricom-KCB Bank Partners To Roll Out Fuliza Ya Biashara

May 4, 2023

“The support we are rolling out today is part of our commitment that looks at helping communities cope with the current situation even as the government steps up its mitigation measures. We are ready to walk hand in hand with various partners to ensure that adverse effects of the ongoing drought are contained within the shortest time possible,” said KCB Group CEO Paul Russo.

Read: Former KCB Boss Joshua Oigara Appointed Stanbic Bank CEO

The announcement was made during a consultative meeting with President Dr William Ruto and Deputy President Rigathi Gachagua, where private sector players were urged to offer both material and financial support to the National Government to ensure that the drought situation is contained.

Kenya’s worst drought in four decades continues to worsen in 20 out of the 23 ASAL counties due to a poor onset of the October- December 2022 season. Eleven counties are in the alarm phase while nine are in the alert phase.

On Monday, President William Ruto established a 15-member National Steering Committee where KCB Group CEO, Paul Russo was appointed to among other things mobilize resources to alleviate the impact of the drought, to supplement the Government’s efforts.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Game Stores Faces Lawsuit Ahead Of Planned Exit

Next Post

Standard Chartered Posts Ksh8.7 In Profits After Tax For Q3 of 2022

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025

LATEST STORIES

The economic and environmental gains of Kenya’s LPG shift

October 8, 2025

Equities, Bonds, or Fixed Deposits?

October 7, 2025

Kenya’s Inflation is creeping up, What it means for investors

October 7, 2025

The Role of Micro-Pensions Plans in Kenya

October 3, 2025

Understanding the link between international aid and cooperative finance stability in Sub-Saharan Africa

October 3, 2025

Kenya Pipeline Company IPO

October 3, 2025

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

Kenya’s Regulated SACCOs Cross Trillion Shilling Mark

October 2, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024