BANK

Kcb Bank's Khs 1.2b Investment Which Won Safari It's Lost Wrc Status

When Kenya's fabled Safari Rally was struck off from the FIA World Rally Championship (WRC) in October 2002, KCB Bank (formerly Kenya Commercial Bank) made a deliberate policy of stepping in to fill the void left behind by a sizeable number of corporate sponsors who had given the sport a wide berth.
WRC Safari 2002 was the 50th anniversary that the prestigious event was held, and it had been in the world championship since the series' inauguration in 1973. 

In 2002, it was organized in just 10 weeks, following a shortfall in budget, and was rescued when the satellite communications company, Inmarsat, stepped in as the title sponsor. 

When the FIA axe fell on the iconic Kenyan round, KMSF was founded in 2002 after the Automobile Association of Kenya (AA) de-linked Motorsport from its core activities. KMSF returned to the drawing board in a bid to explore reinstatement possibilities. One of the strategies for the campaign was to secure long time term corporate support to shore up its financial status.

KCB made its debut in motorsport by sponsoring the 2003 and 2004 Safaris in South Coast which was a move by KMSF to rope in the tourism facet into Kenya's spirited bid following relegation to FIA African Rally Championship (ARC) status. The Safari then remained a preserve of then fancied Group "A" contraptions, which zoomed past remote villages in the South Coast with the roar of turbo charged contraptions.

Revving off the sponsorship campaign in the coastal region also reaffirmed motor sports' enormous contribution towards domestic and international sports tourism which are key ingredients to the country's foreign exchange earnings. The whole reinforcement was geared at helping Kenya get back to the world map. The first two events with KCB as title sponsors couldn't make it back to the WRC although it was discernible that a sense of excitement was already in the air. 

One of the key gains. Over the years was the fact that KCB's long standing sponsorship enabled rally technology morph through different guises.
In line with the Bank’s strategy to spread its tentacles regionally, the first three rounds of the African Rally Championship (ARC) counted towards the newly created 2008 KCB East African Rally Challenge.
With KCB around, motor rallying remained a key contributor to the growth of the Kenyan economy.

What's more, participants and contributors didn't only provide a market for essential goods and services across the country but also promoted domestic and international tourism which are key components in the economic activities in the country. From fuel supplies to motor vehicles, parts merchants, caterers and news vendors to consumers, the KCB KNRC is still a source of business and personal fulfillment to all. Further, the Bank played a major role in bringing rallying to the public by nagging off events in their refurbished town branches across the country.
KNRC SPONSORSHIP

In 2005, KCB came on board as title sponsor of the then 9 legs of the Kenya National Rally Championship series. The following year, the Bank committed a three-year sponsorship package to race ahead with the rally-sport through to 2008. 
Since 2003, the Bank has invested a staggering Ksh. 1.2 billion that has made them the single largest motorsports investors and indeed the longest running sponsors of the rally- sport in the country.

"Our involvement has been drawn for a number of years and I must say we are happy to continue with this exciting journey. Our ambition is to progress the Federation in building the high level of commitment and indeed the level of global rally events through the Safari. We are confident that the Ksh. 100million support for the Safari this year will enable the country to host a safe and successful Safari." Safari CEO and KMSF Chairman Phineas has continued to extol the Bank for it's continued support which made Kenya's national series (KNRC) the best in Africa visavis events leading to the successful WRC candidature of Safari.

"I take this earliest opportunity to laud KCB.  If the Bank didn’t step up when we lost WRC status it would have meant that there was no Safari to revive or generally sell to WRC or FIA. In essence, KCB made sure motorsports was at its best in Kenya over the years. For Kenya to get back to WRC, it was not by fluke or favoritism. Kenya has been running the best ARC in the continent of Africa. Our drivers have been champions in the continent for the last five years and it's on merit that Kenya will be back in the summit of sport in the world."

SUMMARY OF EVENTS WHICH TOOK RACING IN KENYA TO THE NEXT LEVEL.

2021: KCB commits KShs.100 million in sponsorship towards the 2021 WRC Safari Rally Kenya which returns to Kenya and Africa after a long 19-year absence.

2020. KCB Bank Kenya announces a Sh25mn sponsorship for the KCB Kenya Rally Championship marking a remarkable 18th year of partnership between the two entities.. KSh20mn of the total amount goes to the KNRC while Sh5m goes to support the autocross series.

2019: KCB Bank Kenya commits KSh75 million towards motorsports for the next three years, making a comeback as title sponsor of the KNRC.

2017-2018: KCB co-sponsors KNRC as official banking partners. 

 Friday July 1st 2016, KCB Group announces a strategic direction in its motorsport sponsorship deal with the Kenya Motor Sport Federation (KMSF). The shift sees the Bank step down as title sponsor of the KNRC and the Safari Rally, and instead takes up a new role as the Official Banking Partner for the Rally and title sponsor for the Kenya National Rally Autocross Championship. The first autocross event held under the auspices of KCB Bank took place in Nanyuki where Azar Anwar was crowned the winner. on February 2017, 

January 28th 2014: KCB renews. KNRC sponsorship to the tune of 43.5m to set the stage for 2014. The money goes towards organization, marketing, publicity and other costs associated with the running of the eight legs.

January 2013. KCB increases sponsorship to Ksh. 39.6 million. The East African Rally Challenge EARC casts the net wider to incorporate Rwanda. KCB Safari Rally Kenya, KCB Pearl of Africa Uganda Rally and KCB Rwanda Mountain Gorilla Rally make up the regional series.

 January 23 2009 : KCB extends its sponsorship of KNRC for a further three years to the tune of Sh90 million.
Sh30 million used to run the series each year for the duration of the sponsorship with a further Sh10 million set aside each year for promotional and merchandising activities.
A New category known as the KCB Young Star for drivers under the age of 27 introduced.

January 2008: KCB Bank commits an additional US$ 55, 000 (then Ksh. 3.7million) to facilitate the running of the newly established KCB East African Rally Challenge.
The Challenge is established courtesy of title sponsors, KCB, in collaboration with KMSF, counterparts in Uganda –Federation of Motor Sports Clubs of Uganda (FMU)- along with Automobile Association of Tanzania (AAT), who put their heads together to explore a regional initiative.
 Kobil Rally of Tanzania, KCB Pearl of Africa Uganda Rally, KCB Safari Rally- second round on Easter weekend- makes of the regional Challenge

2007: KCB pumps in additional financial support towards Safari's inclusion into the all-new Intercontinental Rally Challenge (IRC)- then a second tire series from WRC.
But due to post-election violence, the Safari loses its place in the 2008 IRC calendar.

2006: KCB extends KNRC sponsorship through to 2008 as part of the three year KSh 100 Million windfall.

2005: KCB comes on board as title sponsor of the Kenya National Rally Championship. Series is renamed KCB KNRC.

 2004: KCB sponsors ARC Safari rally for the second year running 

2003: KCB takes over Safari sponsorship from Inmarsat, a year after "the world's toughest rally" is dropped from the FIA World Rally Championship (WRC) calendar and relegated to FIA African Rally Championship (ARC).

Sports Jun 15, 2021