Over 45 entrepreneurs and business managers have today attended a financial literacy training organized by Small Scale Industries Association (USSIA) and funded by the KCB Foundation.
Speaking at the training held at St Joseph Inn Virika, David Mulya, an International Labour Organization (ILO) certified trainer who facilitated the training said;” Financial literacy a lot of times is what determines whether a business thrives or dies. It is therefore important that all businesses acquire those skills.”
Over 340 small and medium enterprises will receive training in business and financial management as a result of KCB Bank’s partnership with USSIA across the country.
Through the KCB Foundation, KCB Bank has invested 342 million in transforming communities where they do business and where its employees live.
Already 230 businesses have received training in Mbale, Lira, Gulu, Arua and Hoima.
Emmanuel Njuki,the Brand and Communications Manager said,“ This training is held under our enterprise development thematic area aimed at growing small and medium enterprises in the hope that their growth will as a result lead to even more growth in their communities.”
KCB Group invests one percent of its profits each year in communities where its people live and where it does business. Last year KCB Group earnings grew to UGX. 1.01trillion.
The KCB Foundation has over the past 5 years invested over UGX 1 billion shillings in communities in the areas of health, education, humanitarian support and enterprise development.
KCB Bank is the biggest bank by assets in the East African region present in six countries; Uganda, Kenya, Tanzania, South Sudan, Rwanda and Burundi.
In Uganda, KCB Bank, incorporated in 2007, has 16 branches and 18 ATMs in Kampala, Jjinja, Mbale, Lira, Gulu, Arua, Hoima, FortPortal and Mbarara.
Under the KCB Foundation, KCB Bank supports communities in 5 thematic areas namely; Education, Health, Entrepreneurship, Environment and Humanitarian aid.