KCB plans first entry into Ethiopia, Somalia

Kenya Commercial Bank is seeking to become the first lender in the country to open foreign subsidiaries in Ethiopia, Somalia and the Democratic Republic of Congo.

The bank Thursday told Reuters that it will next year widen it international business to include entire Eastern Africa and southern Africa markets.

This is informed by the lender’s bid to reduce its reliance on the Kenyan market, which accounts for 90 per cent of the bank’s earnings.

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