Kibo is likely the same name of the city when it was under King Banhammer. When refounding her side, Jillian lacked either the creativity or the desire to create a new name for the capitol and main city of Faq, so it is likely she kept the name of Kibo as well.
Kibo also means "Knowledge In Bull(boop) Out!"
This may signify some cynicism. Possibly on the intelligence which the side acts on or on the philosophical rule under King Banhammer, (assuming Queen Jillian kept the same farm city names as she kept the name of Faq)