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84-669: As of June 2023, the Group had assets of US$ 12.84 billion (KSh:1.86 trillion) with shareholders' equity of US$ 1.5 billion (KSh:US$ 218 billion). In July 2015, news media reported that the group was pursuing expansion plans into the Democratic Republic of the Congo , Ethiopia , and Mozambique . The history of Kenya Commercial Bank Limited dates back to July 1896, when its predecessor, the National Bank of India (NBI), opened

168-1005: A League of Nations mandate over the previously German colony of Ruanda-Urundi . During World War II , the Belgian Congo provided a crucial source of income for the Belgian government in exile in London, and the Force Publique again participated in Allied campaigns in Africa . Belgian Congolese forces under the command of Belgian officers notably fought against the Italian colonial army in Ethiopia in Asosa , Bortaï and Saïo under Major-General Auguste-Eduard Gilliaert . In May 1960,

252-410: A kleptocracy as Mobutu and his associates embezzled government funds. In a campaign to identify himself with African nationalism, starting on 1 June 1966, Mobutu renamed the nation's cities: Léopoldville became Kinshasa (the country was known as Congo-Kinshasa), Stanleyville became Kisangani , Elisabethville became Lubumbashi , and Coquilhatville became Mbandaka . In 1971, Mobutu renamed the country

336-634: A branch in Mombasa to handle the business that the port was attracting at that time. In 1958, Grindlays Bank merged with the NBI to form the National and Grindlays Bank (NGB). Upon independence, the government of Kenya acquired 60 percent shareholding in NGB in an effort to bring banking closer to the majority of Kenyans. In 1970, the government acquired 100 percent of the shareholding in NGB to take full control of

420-621: A campaign against Congolese ethnic Tutsis in eastern Zaire. A coalition of Rwandan and Ugandan armies invaded Zaire to overthrow the government of Mobutu, launching the First Congo War. The coalition allied with some opposition figures, led by Laurent-Désiré Kabila , becoming the Alliance of Democratic Forces for the Liberation of Congo . In 1997 Mobutu fled and Kabila marched into Kinshasa, naming himself as president and reverting

504-782: A ceasefire, a plane crash near Ndola resulted in the death of Dag Hammarskjöld , the Secretary-General of the United Nations , along with all 15 passengers, setting off a succession crisis. Amidst widespread confusion and chaos, a temporary government was led by technicians (the Collège des commissaires généraux ). Katangan secession ended in January 1963 with the assistance of UN forces . Several short-lived governments of Joseph Ileo , Cyrille Adoula , and Moise Kapenda Tshombe took over in quick succession. Meanwhile, in

588-541: A consequence of exploitation and disease. In some areas the population declined dramatically – it has been estimated that sleeping sickness and smallpox killed nearly half the population in the areas surrounding the lower Congo River. News of the abuses began to circulate. In 1904, the British consul at Boma in the Congo, Roger Casement , was instructed by the British government to investigate. His report, called

672-686: A growing nationalist movement, the Mouvement National Congolais led by Patrice Lumumba , won the parliamentary elections . Lumumba became the first Prime Minister of the Republic of the Congo, on 24 June 1960. The parliament elected Joseph Kasa-Vubu as president , of the Alliance des Bakongo ( ABAKO ) party. Other parties that emerged included the Parti Solidaire Africain led by Antoine Gizenga , and

756-579: A joint Anglo-Belgian-Portuguese invasion of German colonial territory in 1916 and 1917 during the East African campaign . The Force Publique gained a notable victory when it marched into Tabora in September 1916 under the command of General Charles Tombeur after heavy fighting. After 1918, Belgium was rewarded for the participation of the Force Publique in the East African campaign with

840-460: A lack of infrastructure, corruption, and centuries of both commercial and colonial extraction and exploitation, followed by more than 60 years of independence, with little widespread development. Besides the capital Kinshasa, the two next largest cities, Lubumbashi and Mbuji-Mayi , are both mining communities. The DRC's largest export is raw minerals, with China accepting over 50% of its exports in 2019. In 2021, DR Congo's level of human development

924-648: A monopoly over violence and resource extraction. The most violent of these concession regions, were surrounding rubber plantations. Concession regions would align with villages, employing local chiefs to aid in enforce strict quotas. Failure to comply or to meet quotas would result in kidnaping of family, held ransom until quotas could be met or physical violence. Violence was carried out by "village sentries," European militias employed to ensure collection. These sentries were granted full impunity for violence, without proper oversight were known to kill and eat underperforming workers. During 1885–1908, millions of Congolese died as

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1008-595: A subsidiary in Burundi. KCB Burundi commenced provision of banking services on 8 May 2012, having been granted a commercial banking license on 18 April 2012. With its establishment, KCB became the first financial services group to establish subsidiaries in all countries of the East African Community . In February 2020, KCB Burundi opened its third branch in the country in Gitega , Burundi's capital. This

1092-578: A third even further east and south around the Upemba Depression . By the 13th century there were three main confederations of states in the western Congo Basin around Pool Malebo. In the east were the Seven Kingdoms of Kongo dia Nlaza , considered to be the oldest and most powerful, which likely included Nsundi , Mbata , Mpangu , and possibly Kundi and Okanga . South of these was Mpemba which stretched from modern-day Angola to

1176-613: Is a member of the United Nations , Non-Aligned Movement , African Union , COMESA , Southern African Development Community , Organisation Internationale de la Francophonie , and Economic Community of Central African States . The Democratic Republic of the Congo is named after the Congo River , which flows through the country. The Congo River is the world's deepest river and the world's third-largest river by discharge . The Comité d'études du haut Congo ("Committee for

1260-584: Is also a principal member of MasterCard , and Visa . Trust Merchant Bank has several unique characteristics: Trust Merchant Bank operates over one hundred and five branches across twenty one provinces of the Democratic Republic of Congo: The Bank maintains a representative office in Brussels . TMB is the only bank in the DRC to operate bank branches onsite at a number of MONUSCO sites across

1344-613: Is regulated by the Central Bank of Congo and is a member of the Association Congolaise des Banques . Trust Merchant Bank is one of the DRC's largest banks as measured by regulatory equity, total assets and turnover. As of 31 December 2022, total assets were in excess of US$ 1.7 billion, equivalent to approximately 12 percent of total bank assets in the DRC. TMB is a member of the SWIFT interbank network (TRMSCD3L) and

1428-436: The 2018 general election , in the country's first peaceful transition of power since independence, Kabila was succeeded as president in a highly contentious election won by Félix Tshisekedi , who has served as president since. Since 2015, eastern Congo has been the site of an ongoing military conflict . The Democratic Republic of the Congo is extremely rich in natural resources but has suffered from political instability,

1512-683: The Best Bank in the Democratic Republic of Congo . TMB's regional headquarters in Kinshasa plays host to Le Monde des Flamboyants , a multi-purpose exhibition gallery. In August 2022, KCB Group , based in Nairobi, Kenya agreed to acquire 85 percent shareholding in Trust Merchant Bank at "1.49 times the book value".. It is estimated that that would cost approximately KSh15 billion/= (US$ 127 million then). KCB also agreed to acquire

1596-696: The Cabinda exclave of Angola , and the South Atlantic Ocean . Centered on the Congo Basin , the territory of the Congo was first inhabited by Central African foragers around 90,000 years ago and was settled in the Bantu expansion about 3000 to 2000 years ago. In the west, the Kingdom of Kongo ruled around the mouth of the Congo River from the 14th to 19th centuries. In the center and east,

1680-469: The Casement Report , confirmed the accusations of humanitarian abuses. The Belgian Parliament forced Leopold II to set up an independent commission of inquiry. Its findings confirmed Casement's report of abuses, concluding that the population of the Congo had been "reduced by half" during this period. Determining precisely how many people died is impossible, as no accurate records exist. In 1908,

1764-592: The Conference of Berlin in 1885 and made the land his private property. He named it the Congo Free State . Leopold's regime began various infrastructure projects, such as the construction of the railway that ran from the coast to the capital of Leopoldville (now Kinshasa), which took eight years to complete. In the Free State, colonists coerced the local population into producing rubber, for which

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1848-531: The Congo Free State , Belgian Congo , the Republic of the Congo-Léopoldville , the Democratic Republic of the Congo and the Republic of Zaire , before returning to its current name the Democratic Republic of the Congo. At the time of independence, the country was named the Republic of the Congo-Léopoldville to distinguish it from its neighbour Congo , officially the Republic of the Congo . With

1932-567: The Congo River . It included various kingdoms such as Mpemba Kasi and Vunda . To its west across the Congo River was a confederation of three small states; Vungu (its leader), Kakongo , and Ngoyo . The Kingdom of Kongo was founded in the 14th century and dominated the western region. The empire of Mwene Muji was founded around Lake Mai-Ndombe. From the Upemba Depression the Luba Empire and Lunda Empire emerged in

2016-673: The First Congo War . The country then had its name changed back and was confronted by the Second Congo War from 1998 to 2003, which resulted in the deaths of 5.4 million people and the assassination of President Laurent-Désiré Kabila . The war ended under President Joseph Kabila , who governed the country from 2001 to 2019 and under whom human rights in the country remained poor and included frequent abuses such as forced disappearances , torture, arbitrary imprisonment and restrictions on civil liberties. Following

2100-507: The Garamba National Park . The war in the Congo has been described as the bloodiest war since World War II. In 2009, The New York Times reported that people in the Congo continued to die at a rate of an estimated 45,000 per month  – estimates of the number who have died from the long conflict range from 900,000 to 5,400,000. The death toll is caused by widespread disease and famine; reports indicate that almost half of

2184-527: The Kongo language (also called Kikongo ). According to American writer Samuel Henry Nelson: "It is probable that the word 'Kongo' itself implies a public gathering and that it is based on the root konga , 'to gather' (trans[itive])." The modern name of the Kongo people, Bakongo , was introduced in the early 20th century. The Democratic Republic of the Congo has been known in the past as, in chronological order,

2268-749: The Nairobi Securities Exchange under the symbol KCB . The Group's stock is cross listed on the Dar es Salaam Stock Exchange , the Rwanda Stock Exchange , and the Uganda Securities Exchange . As of 31 December 2023, the ten largest shareholders in the KCB Group were as listed below: The chairman of the bank's board of directors is Andrew Wambari Kairu. Paul Russo is both the managing director and

2352-580: The National Congress for the Defence of the People (CNDP), which began an armed rebellion against the government. In March 2009, after a deal between the DRC and Rwanda, Rwandan troops entered the DRC and arrested Nkunda and were allowed to pursue FDLR militants. The CNDP signed a peace treaty with the government in which it agreed to become a political party and to have its soldiers integrated into

2436-682: The Norwegian Refugee Council , the situation in the DRC became much worse in 2016 and 2017 and is a major moral and humanitarian challenge comparable to the wars in Syria and Yemen, which receive much more attention. Women and children are abused sexually and "abused in all possible manners". Besides the conflict in North Kivu , violence increased in the Kasai region . The armed groups were after gold, diamonds, oil, and cobalt to line

2520-591: The Republic of Zaire , its fourth name change in eleven years and its sixth overall. The Congo River was renamed the Zaire River. During the 1970s and 1980s, Mobutu was invited to visit the United States on several occasions, meeting with U.S. Presidents Richard Nixon , Ronald Reagan and George H. W. Bush . Following the dissolution of the Soviet Union U.S. relations with Mobutu cooled, as he

2604-453: The "Democratic Republic of the Congo". In 1971 Mobutu changed the name again, this time to "Republic of Zaire". Mobutu had the staunch support of the United States because of his opposition to communism ; the U.S. believed that his administration would serve as an effective counter to communist movements in Africa. A single-party system was established, and Mobutu declared himself head of state . He periodically held elections in which he

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2688-516: The 100,000 Europeans who had remained behind after independence fled the country. After the United Nations rejected Lumumba's call for help to put down the secessionist movements, Lumumba asked for assistance from the Soviet Union, who accepted and sent military supplies and advisers. On 23 August, the Congolese armed forces invaded South Kasai . Lumumba was dismissed from office on 5 September 1960 by Kasa-Vubu who publicly blamed him for massacres by

2772-432: The 15th and 17th centuries respectfully dominated the eastern region. Belgian exploration and administration took place from the 1870s until the 1920s. It was first led by Henry Morton Stanley , who undertook his explorations under the sponsorship of King Leopold II of Belgium . The eastern regions of the precolonial Congo were heavily disrupted by constant slave raiding , mainly from Arab–Swahili slave traders such as

2856-469: The 1988 discovery of the Semliki harpoon at Katanda , one of the oldest barbed harpoons ever found, believed to have been used to catch giant river catfish . Bantu peoples reached Central Africa at some point during the first millennium BC, then gradually started to expand southward. Their propagation was accelerated by the adoption of pastoralism and of Iron Age techniques. The people living in

2940-591: The Belgian Congo and the majority of Leopold II's administration with him. Opening up the Congo and its natural and mineral riches to the Belgian economy remained the main motive for colonial expansion – however, other priorities, such as healthcare and basic education, slowly gained in importance. Colonial administrators ruled the territory and a dual legal system existed (a system of European courts and another one of indigenous courts, tribunaux indigènes ). Indigenous courts had only limited powers and remained under

3024-530: The Belgian Congo. The railway first commenced in the Congo in 1910, reaching a 800-km network of track. In 1923 the colonial capital moved from Boma to Léopoldville, some 300 kilometres (190 mi) further upstream into the interior. The transition from the Congo Free State to the Belgian Congo was a break, but it also featured a large degree of continuity. The last governor-general of the Congo Free State, Baron Théophile Wahis , remained in office in

3108-605: The Belgian parliament, in spite of initial reluctance, bowed to international pressure (especially from the United Kingdom ) and took over the Free State from King Leopold II. On 18 October 1908, the Belgian parliament voted in favour of annexing the Congo as a Belgian colony. Executive power went to the Belgian minister of colonial affairs , assisted by a Colonial Council (Conseil Colonial) (both located in Brussels). The Belgian parliament exercised legislative authority over

3192-507: The Central African Republic on behalf of its former president, Ange-Félix Patassé . Talks led to a peace accord under which Kabila would share power with former rebels. By June 2003 all foreign armies except those of Rwanda had pulled out of Congo. A transitional government was set up until after the election. A constitution was approved by voters, and on 30 July 2006 DRC held its first multi-party elections . These were

3276-623: The Congo , led by Congolese warlord Jean-Pierre Bemba . The two rebel movements, along with Rwandan and Ugandan troops, started the Second Congo War by attacking the DRC army in 1998. Angolan, Zimbabwean, and Namibian militaries entered the hostilities on the side of the government. Kabila was assassinated in 2001. His son Joseph Kabila succeeded him and called for multilateral peace talks. UN peacekeepers, MONUC, now known as MONUSCO , arrived in April 2001. In 2002–03 Bemba intervened in

3360-567: The DROC , and RDC (in French). Before Bantu expansion , the territory comprising the Democratic Republic of the Congo was home to Central Africa's oldest settled groups, the Mbuti peoples . Most of the remnants of their hunter-gatherer culture remain in the present time. The geographical area now known as the Democratic Republic of the Congo was populated as early as 90,000 years ago, as shown by

3444-485: The Kenya Finance Act No. 57 of 2012, KCB Group announced in April 2015 its intention to incorporate a new, wholly owned subsidiary, KCB Bank Kenya Limited, to which it would transfer its Kenyan banking business, assets, and liabilities. The re-organisation converted KCB Group into a non-trading holding company that owns both banking and non-banking subsidiary companies. The shares of KCB Group are listed on

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3528-533: The Parti National du Peuple led by Albert Delvaux and Laurent Mbariko . The Belgian Congo achieved independence on 30 June 1960 under the name "République du Congo" ("Republic of Congo" or "Republic of the Congo" in English). Shortly after, on 15 August 1960, the neighboring French colony of Middle Congo also gained independence and adopted the same name, ' Republic of Congo .' To avoid confusion between

3612-462: The Simba rebels by November 1965. Lumumba had previously appointed Mobutu chief of staff of the new Congo army, Armée Nationale Congolaise . Taking advantage of the leadership crisis between Kasavubu and Tshombe, Mobutu garnered enough support within the army to launch a coup. A constitutional referendum the year before Mobutu's coup of 1965 resulted in the country's official name being changed to

3696-596: The Study of the Upper Congo"), established by King Leopold II of Belgium in 1876, and the International Association of the Congo , established by him in 1879, were also named after the river. The Congo River was named by early European sailors after the Kingdom of Kongo and its Bantu inhabitants, the Kongo people , when they encountered them in the 16th century. The word Kongo comes from

3780-469: The armed forces in South Kasai and for involving Soviets in the country. On 7 September, Lumumba made a speech to the Congolese House of Representatives, arguing his dismissal was illegal under the nation's laws. Congolese law gave parliament, not the president, the authority to dismiss a government minister. The House and Senate both rejected the dismissal of Lumumba, but the removal proceeded unconstitutionally. On 14 September, Colonel Joseph Mobutu , with

3864-412: The backing of the US and Belgium, removed Lumumba from office. On 17 January 1961, Lumumba was handed over to Katangan authorities and executed by Belgian-led Katangan troops. A 2001 investigation by Belgium's Parliament found Belgium "morally responsible" for the murder of Lumumba, and the country has since officially apologised for its role in his death. On 18 September 1961, in ongoing negotiations of

3948-418: The building are the Kenya Commercial Bank Employee Pension Fund, which is funding the KES:2.1 billion construction. Democratic Republic of the Congo DR Congo , officially the Democratic Republic of the Congo , also known as the DRC , Congo-Kinshasa or simply Congo , is a country in Central Africa . By land area, DR Congo is the second-largest country in Africa and the 11th-largest in

4032-519: The chief executive officer of the banking group. Kenya Commercial Bank Burundi Limited is a commercial bank and subsidiary of KCB group in Burundi , licensed by the Bank of the Republic of Burundi , the national banking regulator. As of December 2015 KCB Burundi comprises 0.6 percent of the KCB Group's total assets. It is estimated that the bank's total assets were approximately US$ 33.6 million (KSh3.34 billion), as of December 2015. In February 2012, KCB Group received regulatory approval to establish

4116-448: The conflict was estimated to escalate starvation in about two million children. Trust Merchant Bank Trust Merchant Bank or TMB , is a commercial bank based in the Democratic Republic of Congo (DRC), with its headquarters located in Lubumbashi . The bank began operations in 2004. TMB operates in all sectors of the local banking market, including in retail banking, SME banking, corporate banking, and mobile banking. The bank

4200-416: The country to the "Democratic Republic of the Congo", but the change was not made. The country's name was later restored by President Laurent-Désiré Kabila when he overthrew Mobutu in 1997. To distinguish it from the neighboring Republic of the Congo, it is sometimes referred to as Congo (Kinshasa) , Congo-Kinshasa , or Big Congo . Its name is sometimes also abbreviated as Congo DR , DR Congo , DRC ,

4284-506: The country, including in Kisangani and Bunia . The African Banker named TMB as the Best Bank in Central Africa in 2014, 2017, and again in 2023. TMB was named as Bank of the Year Democratic Republic of Congo in 2012, 2013, 2014, 2015, 2017, 2018, 2019, 2021, and 2023 by The Banker . EMEA Finance awarded TMB the title Best Bank in the Democratic Republic of Congo for the thirteenth consecutive year in 2023. In 2014, 2015, 2016, 2020 and 2022 Global Finance Magazine recognised TMB as

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4368-433: The east of the country, Soviet and Cuban-backed rebels called the Simbas rose up, taking a significant amount of territory and proclaiming a communist "People's Republic of the Congo" in Stanleyville. The Simbas were pushed out of Stanleyville in November 1964 during Operation Dragon Rouge , a military operation conducted by Belgian and American forces to rescue hundreds of hostages. Congolese government forces fully defeated

4452-490: The empires of Mwene Muji , Luba , and Lunda ruled from the 15th, 16th, and 17th centuries to the late 19th and early 20th centuries. King Leopold II of Belgium formally acquired rights to the Congo territory from the colonial nations of Europe in 1885 and declared the land his private property, naming it the Congo Free State . From 1885 to 1908, his colonial military forced the local population to produce rubber and committed widespread atrocities . In 1908, Leopold ceded

4536-423: The firm control of the colonial administration. The Belgian authorities permitted no political activity in the Congo whatsoever, and the Force Publique put down any attempts at rebellion. The Belgian Congo was directly involved in the two world wars. During World War I (1914–1918), an initial stand-off between the Force Publique and the German colonial army in German East Africa turned into open warfare with

4620-499: The first free national elections since 1960, which many believed would mark the end to violence in the region. However, an election-result dispute between Kabila and Bemba turned into a skirmish between their supporters in Kinshasa. MONUC took control of the city. A new election took place in October 2006, which Kabila won, and in December 2006 he was sworn in as president. Laurent Nkunda , a member of Rally for Congolese Democracy–Goma , defected along with troops loyal to him and formed

4704-399: The highest levels of sexual violence in the world. According to the Human Rights Watch and the New York University-based Congo Research Group, armed troops in DRC's eastern Kivu region have killed over 1,900 civilians and kidnapped at least 3,300 people since June 2017 to June 2019. On 10 May 2018, Congolese gynecologist Denis Mukwege was awarded the Nobel Peace Prize for his effort to end

4788-462: The individuals who have died are children under five years of age. There have been frequent reports of weapon bearers killing civilians, of the destruction of property, of widespread sexual violence, causing hundreds of thousands of people to flee their homes, and of other breaches of humanitarian and human rights law. One study found that more than 400,000 women are raped in the Democratic Republic of Congo every year. In 2018 and 2019, Congo reported

4872-419: The infamous Tippu Tip , who was well known to Stanley. Leopold had designs on what was to become the Congo as a colony. In a succession of negotiations, Leopold, professing humanitarian objectives in his capacity as chairman of the front organization Association Internationale Africaine , actually played one European rival against another. King Leopold formally acquired rights to the Congo territory at

4956-418: The largest commercial bank in Kenya. NGB was then renamed Kenya Commercial Bank (KCB). In 1972, KCB acquired Savings & Loan Kenya Limited, which specialized in mortgage finance. In 1988, the first 20 percent of the government's shares in the company were sold through an Initial public offering on the Nairobi Securities exchange. The government has over the years reduced its shareholding to 23.6 percent. In

5040-469: The late 1960s, Mobutu continued to shuffle his governments and cycle officials in and out of the office to maintain control. Joseph Kasa-Vubu's death in April 1969 ensured that no person with First Republic credentials could challenge his rule. By the early 1970s, Mobutu was attempting to assert Zaire as a leading African nation. He traveled frequently across the continent while the government became more vocal about African issues, particularly those relating to

5124-412: The name of the country to the Democratic Republic of the Congo. Kabila later requested that foreign military forces return to their own countries. Rwandan troops retreated to Goma and launched a new Tutsi-led rebel military movement called the Rassemblement Congolais pour la Democratie to fight Kabila, while Uganda instigated the creation of a rebel movement called the Movement for the Liberation of

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5208-502: The national army in exchange for the release of its imprisoned members. In 2012 Bosco Ntaganda , the leader of the CNDP, and troops loyal to him, mutinied and formed the rebel military March 23 Movement (M23), claiming the government had violated the treaty. In the resulting M23 rebellion , M23 briefly captured the provincial capital of Goma in November 2012. Neighboring countries, particularly Rwanda, have been accused of arming rebel groups and using them as proxies to gain control of

5292-459: The planned 2016 elections, which he is constitutionally barred from participating in). This bill passed; however, it was gutted of the provision that would keep Kabila in power until a census took place. A census is supposed to take place, but it is no longer tied to when the elections take place. In 2015, elections were scheduled for late 2016 and a tenuous peace held in the Congo. On 27 November 2016 Congolese foreign minister Raymond Tshibanda told

5376-464: The pockets of rich men both in the region and internationally. There were also ethnic and cultural rivalries at play, as well as religious motives and the political crisis with postponed elections. Egeland says people believe the situation in the DRC is "stably bad" but in fact, it has become much, much worse. "The big wars of the Congo that were really on top of the agenda 15 years ago are back and worsening". Disruption in planting and harvesting caused by

5460-411: The press no elections would be held in 2016: "it has been decided that the voter registration operation will end on July 31, 2017, and that election will take place in April 2018." Protests broke out in the country on 20 December when Kabila's term in office ended. Across the country, dozens of protesters were killed and hundreds were arrested. According to Jan Egeland , presently Secretary-General of

5544-412: The promulgation of the Luluabourg Constitution on 1 August 1964, the country became the DRC but was renamed Zaire (a past name for the Congo River) on 27 October 1971 by President Mobutu Sese Seko as part of his Authenticité initiative. The word Zaire is from a Portuguese adaptation of a Kikongo word nzadi ("river"), a truncation of nzadi o nzere ("river swallowing rivers"). The river

5628-482: The provincial capital of Lubumbashi in 2013 and 400,000 persons displaced in the province as of 2013 . On and off fighting in the Ituri conflict occurred between the Nationalist and Integrationist Front and the Union of Congolese Patriots who claimed to represent the Lendu and Hema ethnic groups, respectively. In the northeast, Joseph Kony 's Lord's Resistance Army moved from their original bases in Uganda and South Sudan to DR Congo in 2005 and set up camps in

5712-429: The rebellion of Laurent-Desire Kabila that overthrew the Mobutu regime." In September 1997, Mobutu died in exile in Morocco. By 1996, following the Rwandan Civil War and genocide and the ascension of a Tutsi -led government in Rwanda, Rwandan Hutu militia forces ( Interahamwe ) fled to eastern Zaire and used refugee camps as bases for incursions against Rwanda. They allied with the Zairian Armed Forces to launch

5796-441: The resource-rich country, an accusation they deny. In March 2013, the United Nations Security Council authorized the United Nations Force Intervention Brigade to neutralize armed groups. On 5 November 2013, M23 declared an end to its insurgency. Additionally, in northern Katanga , the Mai-Mai created by Laurent Kabila slipped out of the control of Kinshasa with Gédéon Kyungu Mutanga 's Mai Mai Kata Katanga briefly invading

5880-404: The rights issue of 2010, the government further reduced its shareholding to 17.31 percent. KCB Tanzania Limited was incorporated in Dar es Salaam in 1997. Since then, KCB has opened 11 more branches in Tanzania. In May 2006, KCB extended its operations to South Sudan following licensing of KCB Sudan. This subsidiary now has over 20 branches in that country. In November 2007, KCB Bank Uganda Limited

5964-460: The south and southwest were foraging groups, whose technology involved only minimal use of metal technologies. The development of metal tools during this time period revolutionized agriculture. This led to the displacement of the African pygmies . Following the Bantu migrations, a period of state and class formation began circa 700 with three centres in the modern-day territory; one to the west around Pool Malebo , one east around Lake Mai-Ndombe , and

6048-519: The southern region. Zaire established semi-clientelist relationships with several smaller African states, especially Burundi, Chad, and Togo. Corruption became so common the term " le mal Zairois " or "Zairian sickness", meaning gross corruption, theft and mismanagement, was coined, reportedly by Mobutu. International aid, most often in the form of loans, enriched Mobutu while he allowed national infrastructure such as roads to deteriorate to as little as one-quarter of what had existed in 1960. Zaire became

6132-523: The spread of automobiles and development of rubber tires created a growing international market. Rubber sales made a fortune for Leopold, who built several buildings in Brussels and Ostend to honor himself and his country. To enforce the rubber quotas, the Force Publique was called in and made the practice of cutting off the limbs of the natives a matter of policy. Under the Congo Free State concessions were granted to private industry, granting

6216-435: The territory, which thus became a Belgian colony . Congo achieved independence from Belgium on 30 June 1960 and was immediately confronted by a series of secessionist movements , the assassination of Prime Minister Patrice Lumumba , and the seizure of power by Mobutu Sese Seko in a 1965 coup d'état . Mobutu renamed the country Zaire in 1971 and imposed a harsh personalist dictatorship until his overthrow in 1997 by

6300-792: The transaction would cost approximately KSh15 billion/= (US$ 127 million then). KCB also agreed to acquire the remaining 15 percent ownership in the bank, not later than 2024. The deal requires shareholder and regulatory approvals in Kenya and DRCongo. In December 2010, construction of a new headquarters building began in the Upper Hill section of Nairobi. Construction is expected to take approximately two years, with anticipated occupancy beginning in January 2013. The new Kenya Commercial Bank Plaza (KCB Plaza) be 21 storeys tall, having about 15,960 square metres (171,800 sq ft) of rentable office space and enough parking for about 450 cars. The owners of

6384-402: The two, the former Belgian Congo became known as the Democratic Republic of the Congo ( DR Congo ), while the former French colony retained the name 'Republic of the Congo' ( Congo ). Shortly after independence the Force Publique mutinied, and on 11 July the province of Katanga (led by Moïse Tshombe ) and South Kasai engaged in secessionist struggles against the new leadership. Most of

6468-470: The use of sexual violence as a weapon of war and armed conflict . In 2015, major protests broke out across the country and protesters demanded that Kabila step down as president. The protests began after the passage of a law by the Congolese lower house that, if also passed by the Congolese upper house, would keep Kabila in power at least until a national census was conducted (a process which would likely take several years and therefore keep him in power past

6552-423: The world . With a population of around 109 million, the Democratic Republic of the Congo is the most populous Francophone country in the world. The national capital and largest city is Kinshasa , which is also the economic center. The country is bordered by the Republic of the Congo , Central African Republic , South Sudan , Uganda , Rwanda , Burundi , Tanzania (across Lake Tanganyika ), Zambia , Angola ,

6636-533: Was after years of stagnation due to political unrest. As of September 2020, KCB Burundi maintained two branches in Bujumbura , and one in Gitega . In August 2022, KCB Group agreed to acquire 85 percent shareholding in Trust Merchant Bank at "1.49 times the book value".. At that time, the bank was the third-largest bank by assets in the Democratic Republic of the Congo . It is estimated that

6720-548: Was known as Zaire during the 16th and 17th centuries; Congo seems to have replaced Zaire gradually in English usage during the 18th century, and Congo is the preferred English name in 19th-century literature, although references to Zaire as the name used by the natives (i.e., derived from Portuguese usage) remained common. In 1992, the Sovereign National Conference voted to change the name of

6804-627: Was no longer deemed necessary as a Cold War ally. Opponents within Zaire stepped up demands for reform. This atmosphere contributed to Mobutu's declaring the Third Republic in 1990, whose constitution was supposed to pave the way for democratic reform. The reforms turned out to be largely cosmetic. Mobutu continued in power until armed forces forced him to flee in 1997. "From 1990 to 1993, the United States facilitated Mobutu's attempts to hijack political change", one academic wrote, and "also assisted

6888-573: Was opened. KCB currently has 14 branches in Uganda. In December 2008, KCB Rwanda began operations with one branch at Kigali. There are currently 11 branches spread out in the country. In 2012, KCB registered a subsidiary in Burundi, KCB Burundi, becoming the first bank in the region to be presented in all the African Great Lakes countries. Before 2015, KCB was both a licensed bank and a holding company for its subsidiaries. In compliance with

6972-534: Was ranked 179th out of 191 countries by the Human Development Index and is classed as a least developed country by the UN . As of 2018 , following two decades of various civil wars and continued internal conflicts , around 600,000 Congolese refugees were still living in neighbouring countries. Two million children risk starvation, and the fighting has displaced 4.5 million people. The country

7056-422: Was the only candidate. Although relative peace and stability were achieved, Mobutu's government was guilty of severe human rights violations, political repression , a cult of personality and corruption . By late 1967 Mobutu had successfully neutralized his political opponents and rivals, either through co-opting them into his regime, arresting them, or rendering them otherwise politically impotent. Throughout

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