South Sudan hyperinflation eats into KCB full-year earnings

KCB's Isiolo branch. The bank has blamed its marginal growth to a turbulent operating environment in South Sudan. 

KCB Group has posted a marginal 0.5 per cent growth in its 2016 full-year earnings to Sh19.72 billion, the slowest growth in seven years.

KCB Chairman Ngeny Biwott described last year as one of turbulence; one that saw the lender miss out on double digit growth in profits year-on-year that it has enjoyed since 2010.