Paul Arithi 
KCB Group CEO Paul Russo
KCB Bank has reaffirmed its commitment to driving growth and sustainability in Kenya’s oil and gas industry by deepening strategic collaboration across the value chain.
To achieve this, the bank has positioned itself as a trusted partner for stakeholders in the ecosystem through the oil and gas ecosystem-based banking model which has enabled it to provide tailored financing solutions including access to capital, technology, and risk management tools required to thrive in a competitive and evolving energy landscape.
Speaking during the KCB Corporate Banking Power Talks Series, Group CEO Paul Saagite Russo noted that as a regional bank, its role in championing energy security in East Africa and beyond has been critical, especially in the successful operationalization of the oil framework that is credited for stabilizing fuel prices and easing pressure on foreign exchange reserves.
“At KCB, we recognize the catalytic role that the oil and gas sector plays in enabling trade, industrialization, and livelihoods. We shall continue to re-engineer our product and service offering to stimulate local infrastructure development, create jobs, and support enterprises that fuel the oil and gas value chain,” Russo noted.
On his part, KCB Corporate Banking Director, John Okulo emphasized the need for co-creation of local content through the establishment of relevant policies that promote capacity building, technology transfer, and skills development to ensure equitable socio-economic development.
