Kanbawza Group of Companies


The Kanbawza Group of Companies is a major Myanmar-based conglomerate, possessing 11 subsidiaries across industries such as construction, garments, insurance, banking, oil, communications, cement, aviation and mining.

History

Kanbawza Group was founded in the early 1990s by Aung Ko Win, a former schoolteacher with close connections to General Maung Aye, the former second in command of the former military junta, the State Peace and Development Council. He is married to Nan Than Htwe, the niece of Win Myint, a former SPDC official. In January 2000, Kanbawza was awarded a banking license to operate Kanbawza Bank, which was first established in Taunggyi.

Controversy

In 2017, the Burmese military launched a fundraising campaign to fund "clearance operations" in northern Rakhine State, as part of the broader Rohingya conflict. In response, KBZ Group's Brighter Future Foundation donated over 3.469 billion kyats to the armed forces.

Subsidiaries