KCB Launches University Financing Initiative Covering 29 Institutions in Kenya
KCB is bundling finance, digital payments, staff wellness and internships in one package for 29 Kenyan universities...
✨ Key Highlights
KCB Bank has launched a higher education financing initiative, covering 29 public and private universities in Kenya, to provide comprehensive financial and non-financial support for operations, staff, students, suppliers, and surrounding communities.
- The initiative aims to strengthen sustainability, growth, and socio-economic impact across the higher education sector, addressing funding shortfalls.
- KCB Bank Kenya Managing Director, Annastacia Kimtai, stated the bank seeks to co-create value with institutions for long-term sustainability.
- Students will benefit from fee payment plans, money-management tools, and a three-month internship program for over 10,000 students.
- SMEs and suppliers linked to universities will receive affordable credit and capacity building, while communities benefit through the KCB Foundation.
- Dr. Beatrice Inyangala, Principal Secretary, State Department of Higher Education and Research, welcomed the collaboration, aligning it with government efforts for a more sustainable and inclusive higher education.
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Safaricom, KCB, and Oracle Launch Initiatives for Kenyan Businesses and Universities - August 2025
Safaricom has announced a 25% discount on new business fibre connections for MSMEs in fibre-ready buildings, effective for the next two months. This initiative, unveiled at the Grow with Safaricom Business forum, aims to lower the cost of getting businesses online. In a separate move, KCB Bank has launched a higher education financing initiative covering 29 public and private universities in Kenya. The bank's program is set to provide comprehensive financial and non-financial support for operations, staff, and students. Concurrently, as Kenya's businesses increasingly adopt cloud technology, Oracle is expanding with a new public cloud region in Nairobi, which highlights a growing trend towards cloud-first strategies in the region.
