A Kenyan bank operating in South Sudan launched its rights issue last night in a corporate dinner that was attended by government officials and private business men.
Addressing the press, Peter Munyiri, Kenyan Commercial Bank (KCB) Deputy Chief Executive said the rights issue would be offered to all the KCB branches through East Africa and south Sudan.Mr. Munyiri added that shareholders would be given the priority in buying rights although non-shareholders could buy rights through stock exchange.
He confirmed that all KCB branches were in position to carry out the service without one having to travel to the main branch.