One Industry. Transforming Kenya

BIFU and Banking Industry Conclude Successful Union Negotiations

Nairobi 10th Sept 2019 - The banking industry has successfully concluded its union negotiations for the 2019 to 2021 period. (Seated, left to right) Banking, Insurance and Finance Union (BIFU) spokesperson Tom Odero together with Kenya Bankers Association (KBA) representatives Ian Irungu of Commercial Bank of Africa and Robley Ngoje of KCB sign the collective bargaining agreement on behalf of the unionisable bank employees and bank management.

(Standing, left to right) Peter Kanua of Habib A.G. Zurich, Joseph Nyakondo of KCB and Raimond Molenje of the KBA Secretariat. The agreement includes a six percent salary increase and enhanced medical cover for unionisable bank employees. There are approximately 30 thousand employees within the banking industry, including unionisable staff and management employees.

About the Kenya Bankers Association:

KBA (www.kba.co.ke) was founded on 16th July 1962. Today, KBA is the financial sector's leading advocacy group and banking industry umbrella body that represents total assets in excess of USD 40 billion. KBA has evolved and broadened its function to include advocacy on behalf of the banking industry, and championing financial sector development through strategic projects such as the launch of the industry's first P2P digital payments platform PesaLink. In line with the Government's policy on public-private partnerships, KBA and Central Bank of Kenya have implemented key projects such as modernization of the National Payments System through the Automated Clearing House, implementing the Real Time Gross Settlement System (RTGS), and the Kenya Credit Information Sharing Initiative. The KBA members are comprised of commercial banks and deposit taking microfinance banks.

For Media Inquiries please contact:

Ms. Nuru Mugambi, Director of Communications and Public Affairs, Kenya Bankers Association Phone: +254-20-2221704/2224014, Email: nmugambi@kba.co.ke

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