KCB BANK TANZANIA THROUGH KCB BIASHARA CLUB SENDS MEMBERS TO CHINA

KCB Bank Head of Retail Banking, Mr. Masika Mukule (left) hands over a ticket to Irene Moshi (right), a cosmetics entrepreneur and member of KCB Biashara Club at a farewell event held for 10 of the club’s members heading to China for a business trip facilitated by KCB Bank Tanzania as part of their commitment to provide new market opportunities and connection sources for affordable products for import to Tanzania. Looking on is KCB Bank Head of Marketing and Corporate Communications, Ms. Christine Manyenye (centre). 

KCB Bank Head of Retail Banking, Mr. Masika Mukule (left) hands over a ticket to Saada Sipemba, from Sadio Travel and Tours and a member of the KCB Biashara Club at a farewell event held for 10 of the club’s members heading to China for a business trip facilitated by KCB Bank Tanzania. Looking on is KCB Bank Head of Marketing and Corporate Communications, Ms. Christine Manyenye (centre).

KCB Bank Tanzania Head of Retail Banking, Mr. Masika Mukule (2nd right), speaks to invited guests during the event.

KCB Bank has sponsored ten businesspeople to visit China for a learning study tour aimed at building trade relationship with their Chinese counterparts. The traders left for China for their ten-day tour of two Chinese cities.

The KCB Bank Head of Marketing, Public Relations and Communication, Christina Manyenye, said the Tanzanian businessmen, who are customers of the bank, will hold talks with their Chinese counterparts who are producers of top- quality goods instead of meeting middlemen who sell goods at inflated prices.

She said for quite long Tanzanian businesspeople travelling to China have been facing several challenges that include language barrier and the purchase of China-made goods at skyrocketing prices. “Many Tanzanian traders were facing the problem of buying Chinese products at inflated prices from middlemen or brokers. Now through trips sponsored by our bank that problem will become a thing of the past as they meet face-to-face with the real owners of the factories,” she said. On the language problem, Manyenye said KCB Bank will sponsor interpreters to accompany the traders to places where they will visit.

Moses Kisaka, the KCB Bank Public Relations Manager for small and medium customers, said the Tanzanian traders will during their tour have discussions with their Chinese counterparts on how to improve trade relations between them. “We’re doing this to help our businesspeople to reduce the costs of doing business with Chinese traders. These trips would continue and we hope next year more traders would visit China,” he said. He said his bank has established a special Biashara Club Unit as a forum for businessmen to discuss various issues related to their activities.

A representative of the ten businesspeople travelling to China, Saada Sipemba, said the trip would enable them see various exhibitions by renowned Chinese industrialists. “This trip will enable us learn more about the giant leap of Chinese industrialists have made as far as production of quality goods is concerned. We want to meet the real Chinese industrialists and not middlemen or brokers,” she said.

About KCB Bank

KCB Bank Group is Eastern Africa’s largest commercial Bank that was established in 1896 in Zanzibar. Over the years, the Bank has grown and spread its wings across Tanzania, Kenya, South Sudan, Uganda, Rwanda, Burundi and Ethiopia (Representative office). Today KCB Bank Group has the largest network in the region with over 262 branches, 962 ATMs and 15,000 agents offering banking services on a 24/7 basis. KCB Bank Group is listed at the Nairobi Securities Exchange, Uganda Securities Exchange, Dar es Salaam Stock Exchange and the Rwanda Stock Exchange. The Group also owns KCB Insurance Agency, KCB Capital and KCB Foundation.

In Tanzania, KCB Bank opened its doors in 1997 and has since played a crucial role in the country’s financial sector growth. Currently the bank has 14 branches across Tanzania and Zanzibar. These branches are Samora, Mlimani, Uhuru, Msimbazi, Lumumba,Buguruni, Mbagala and Oysterbay in Dar es Salaam; Moshi, Zanzibar, Arusha Main and TFA, Mwanza and Morogoro.