KCB Group CEO Paul Russo named Africa Business Leader of the Year

KCB Group CEO Paul Russo has been bestowed with the continental honour of the African Business Leader of the Year award during the 14th edition of the annual African Business Leadership Awards 2024.

Russo’s recognition follows a rigorous and competitive selection process that gauged the leadership qualities, transformative vision, and outstanding contributions to the African business landscape, which he stood out among a distinguished pool of nominees across the continent.

Speaking on this remarkable achievement, Paul Russo expressed his gratitude, saying, “It is a great honour to receive this esteemed recognition. This award shows the collective efforts of the entire KCB team and our commitment to driving positive change and sustainable growth across this region. I am humbled by this acknowledgement and remain dedicated to advancing our mission of transforming lives and communities through innovative banking solutions.”

Under Russo’s guidance, KCB Group has continued to scale new heights, with a commitment to innovation, sustainability, and driving socio-economic development across the region. In 2023, it achieved a significant milestone by becoming the first financial institution in the region to exceed the two trillion shillings mark in asset size after reporting assets worth Kes 2.1 trillion and reclaimed its position as the most profitable bank in East Africa after posting a 69% rise in Q1 2024 Net Profit to KShs. 16.5 Billion.

In his remarks, the Chairman of the African Leadership Organisation and Publisher of the Africa Leadership Magazine, Dr. Ken Giami said, “The winners exemplify the spirit of innovation, resilience and excellence driving growth and development across the continent. By celebrating their achievements, we not only honour their individual success but also hope to inspire others to push the boundaries of what is possible and contribute to Africa’s continued prosperity. Through their leadership across the critical sector of the African economy, they are shaping a brighter future for Africa and demonstrating the immense potential within our business community.”

Africa Leadership Business Leadership Awards (ABLA) is a flagship annual recognition event by Africa Leadership Magazine that honours exceptional corporate practices and outstanding achievers in Africa’s business landscape and private sector.