Exclusive interview with Johnny Matabishi, Senior Manager, Corporate Banking at KCB Bank Rwanda – gold sponsors at the 2015 iPAD Rwanda Power & Infrastructure Investment Forum.
1. Let’s start with some background on the KCB Bank Rwanda Ltd.
KCB Bank Rwanda is a subsidiary of KCB Group, a company that is quoted in the Nairobi Stock exchange. It is primarily operating in Kenya and has been around for over 100 years.
KCB Rwanda started only in 2008, and has therefore been around for the last 7 years. During that time, we have grown from not having any business at all in Rwanda to having 12 branches. The bank employs over 300 people, and operates in all the major towns and provinces of Rwanda.
Apart from the fact that we have 12 branches, we have an additional 2 that we call service centers. We have 260 agents, 27 ATMs and as mentioned; 12 branches. All these are connected to the bigger KCB Group systems in the Region, which today stands at 244 branches, 962 ATMs and over 10, 000 agents.
2. Are there any particular projects in Rwanda that you are involved in that you excited about?
We have provided investment loans to the tune of US$182Million dominated by the following four sectors: Manufacturing, Commercial Construction, Infrastructure, Trade and Telecommunication.
3. Why is your vision for the region?
The bank’s vision is to be the preferred financial solutions provider in Africa. We are an African bank; we recognize that we belong to Africa. We also recognize that in order for us to be able to serve Africa, we must have a Global reach. That is our vision. Our philosophy as a bank—the reason we exist is to make people’s lives simple and by making lives simpler, we enable them to make progress.
In Africa today, people want to have access to credit, they want investment in infrastructure—and KCB’s spread presence allows us to provide not just short-term but actually long-term economic growth. In all of this we look for partnerships; we don’t do it alone. We work with other people, we work with Governments, we work with other corporate entities who share the same thinking as ourselves. We believe in Africa as our home and investing in Africa to be able to generate the benefits that the people need to see. Banking only begins to become useful when it changes people’s lives—that is how we see it.
4. Why did you decide to partner with iPAD Rwanda?
KCB is looking to venture into energy and infrastructure as a long term business strategy. We see IPAD as a gateway to engage with potential investors and other stakeholders in power project value chain.
5. What will be your specific message at the event?
KCB Bank is at your disposal to arrange the required financing in energy and infrastructure sector through local and regional syndication. We leverage on the group balance sheet to take on some of the large tickets deals.
6. What are you most looking forward to at iPAD Rwanda?
Showcasing KCB as a regional bank committed to the growth of the financial sector in Rwanda and the region at large.
As part of our vision for the future, looking to align ourselves with Government agenda in the energy and infrastructure sectors.
Financing opportunity through co-lending in the Energy/Infrastructure sectors.
7. Anything you would like to add?
KCB is ready to develop a credible relationship with key stakeholders and decision makers in the energy and infrastructure sectors. Our corporate banking team will be at the event to discuss funding opportunities and other product offerings with key stakeholders in power projects.