Egypt State-run bank seeks licence in Nairobi entry bid
Summary
The Egyptian banks say they will ride on the billions in annual trade between Egypt and Kenya to gain market share, a pointer that Banque Misr is targeting trade finance.
Kenya has witnessed renewed interest by global banks since the CBK lifted a licensing moratorium in March 2017.
Other lenders which have expressed interest in Kenya include America’s largest bank JPMorgan Chase & Co.
Monday July 12 2021
By BRIAN NGUGI
Summary
The Egyptian banks say they will ride on the billions in annual trade between Egypt and Kenya to gain market share, a pointer that Banque Misr is targeting trade finance.