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KCB forced into 300pc pay rise for S Sudan staff after inflation woes

KCB group CEO and Managing Director Mr, Joshua Oigara KCB group half year pretax profits on 4th August 2016. PHOTO:WILBERFORCE OKWIRI

Kenya Commercial Bank (KCB) had to give its South Sudan subsidiary employees more than 300 per cent pay rise last year to shield them from high cost of living.

The regional lender, which currently has subsidiaries in Kenya, Uganda, Tanzania, Rwanda Burundi and South Sudan, took the decision after hyperinflation struck the world’s youngest nation.

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