Egypt State-run bank seeks licence in Nairobi entry bid

07 February 2020, Egypt, Hurghada: An ATM of the Banque Misr bank at the hotel "The Cascades". Photo: Gerald Matzka/dpa-Zentralbild/ZB (Photo by Gerald Matzka/picture alliance via Getty Images)


Business Daily | by Brian Ngugi


Egypt’s second-largest bank, Banque Misr, now says it has formally applied for a Central Bank of Kenya (CBK) licence to enter the Kenyan market as it seeks lending deals in East Africa and serving Egyptian firms operating in the region.

The State-run bank, which last year hinted of plans to enter Kenya said the…

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