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South Sudanese questioned KCB group about cross-border transactions

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KCB Group is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016.

The holding company oversees KCB Kenya – incorporated with effect from January 1, 2016 – and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia, and South Sudan. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation, National Bank of Kenya and all associate companies. 

KCB Bank was formed on the premise of these values: inspiration, simplicity, and friendliness.

A known Peace advocate, conflict prevention & legal expert, Aleu Garang, Ph.D. on his twitter page questioned why KCB Group charges South Sudan and Uganda differently for the same type of transaction.

In his word

“The most astonishing thing is that withdrawing money from a Kenya @KCBGroup account from @KCBJuba branch costs a customer 35$ regardless of the amount. The justification is a cross-border transaction, the question is, doesn’t cost the same from Uganda? Why discriminate against #SouthSudan? “

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