Kibo is a level two city. It is one of the three cities of the Kingdom of Faq. One of the two lesser cities, Vinny Doombats describes Kibo and its sister, Otoh, as boring glorified farms. Erf-b1.5-p037
New Faq's Kibo may be identical to Old Faq's Kibo.
Real World References
Kibo means "hope" in Japanese. Under Banhammer, Faq had a distinct Japanese influence. It would also bear out in the relationship with Otoh; Hope, but on the other hand...
The Japanese experiment module on the ISS is nicknamed Kibo.
One of the three volcanic peaks of Mt.Kilimanjaro is named Kibo.
Alternatively, KIBO may stand for "Knowledge In, Bullboop Out!" This may signify some cynicism. Possibly on the intelligence which the side acts on or on the philosophical rule under King Banhammer.
Kibo is the alias of Usenet user James Parry, who among other things created the mock-religion Kibology.