Lodwar, 3rd August 2021 (Governor’s Press Service)– Governor Josphat Nanok and KCB Group CEO and Managing Director Joshua Oigara yesterday met and agreed to deepen collaboration to boost economic growth and development in Turkana.
Oigara is on a tour of Turkana as the bank seeks to increase its presence in the county and announced that a new branch is set to be opened in Lokichar before end of the year. He concurred with the Governor on need for the bank and County to explore partnership which will lead to recognition of county-issued land allotment letters as guarantee to access financing.
He expressed the bank’s willingness to support investors in the agriculture and livestock sectors- two of Turkana’s high potential sources of livelihoods for residents.
Oigara admitted that the Governor’s vision to commercialize livestock keeping was viable owing to the high number of livestock owned by residents and promised to tailor financial packages for pastoralists and support livestock trader groups grow their business. He insisted that demand for livestock products, both local and international markets was huge and committed to work with the government and private sector to create market linkages.
He also commended integration programme of refugees and host communities spearheaded by the Governor and agreed that the economic potential for the Kakuma-Kalobeyei Municipality was huge, presenting numerous opportunities for investment.
On concerns that beneficiaries of social protection programmes, who have to travel long distance to access their payments, Oigara promised to follow up and ensure individuals are not inconvenienced when getting their dues.
Governor Nanok informed the CEO that growing private sector investment to grow Turkana’s economy was a priority for his second term, and that the County Government was partnering with financial institutions such as the World Bank’s International Finance Corporation (IFC) to improve ease of doing business in the county.
He urged KCB to support growth of livestock sector as a major source of livelihood, to increase its profitability for communities engaged in pastoralism.
The Governor challenged the bank to extend social responsibility programmes to Turkana, to include scholarship for top students joining form one. The CEO admitted that the bank had to do more in CSR, and pledged to extend such programmes in education and other social infrastructure to pay back support from Turkana as the leading bank in the region.
He asked the CEO to push for recruitment of locals when setting up its new branch in Lokichar.
Senior County Government who participated in the discussions were County Secretary Peter Eripete, County Attorney Erastus Ethekon, County Executives Charles Lokiyoto (Trade, Gender and Youth Affairs), and Philip Aemun (Agriculture, Pastoral Economy and Fisheries); Chief Officers Abraham Losinyen (Finance), Dr. Lolelea Natade (Agriculture) among others.
Oigara was accompanied by KCB Lodwar Branch Manager Christine Tatoi, National Bank Lodwar Branch Manager Dennis Kirui, Corporate Communications Manager Peter Mwaura and Credit Manager Lameck Odhiambo.