Kenya's Equity Bank opens office in Ethiopia

Source: Xinhua| 2019-06-13 23:35:29|Editor: Mu Xuequan
Video PlayerClose

NAIROBI, June 13 (Xinhua) -- Equity Bank, a Kenya-based regional financial institution, has entered the Ethiopian market to boost its presence in Africa, a senior official said on Thursday.

Equity Group CEO James Mwangi said in a statement that his organization has opened a Commercial Representative Office which will be based at Kazanchis-Addis Ababa and is expected to be fully operational in July.

"The entry of Equity Bank into Ethiopia -- a country with a population of nearly 100 million people -- follows Ethiopia's government appointment of a privatization commission and the ongoing reforms which are aimed at promoting a growing private sector," Mwangi said.

"Having completed phase one of our expansion, the entry into Ethiopia is part of our phase two expansion in pursuit of our aspiration of being a Pan African bank with presence in 10 African countries by the end of the year," he added.

Equity Bank currently operates in Kenya, Uganda, Tanzania, Rwanda, South Sudan and the Democratic Republic of Congo.

In May, the regional bank announced entry into Zambia and Mozambique after striking a preliminary agreement with Atlas Mara Limited to exchange ordinary shares in the Group for controlling equity stakes in four banks operating in Rwanda, Tanzania, Zambia and Mozambique.

"With the addition of Ethiopia, the Bank will now have operations in a regional market with a combined population of nearly 500 million people," Mwangi said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091381410481
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
一本大道香蕉网站日本 | 在线观看亚洲午夜天堂 | 中文字幕一区跳转 | 真实的国产乱××××在线91 | 午夜国产乱码福利电影 | 精品国产福利久久久 |