Ethiopia: National Bank Governor Meets Kenyan, Moroccan Banking Executives, Discuss Participation, Potential Entry

4 May 2023
Addis Standard (Addis Ababa)

Addis Abeba — NBE Governor Mamo Mihretu with KCB executives. Picture: NBE

Governor of the National bank of Ethiopia (NBE), Mamo Mihretu, met today with Kenyan and Moroccan banking and financial executives to discuss potential entry and participation in Ethiopia's financial service industry, NBE said.

Governor Mamo with Andrew Wambari Kairu, Group Chairman of KCB--the largest commercial bank in Kenya, the second-biggest bank by assets, "to discuss participation in Ethiopia financial service industry."

The Governor has also "met with the management of Attijariwafa Bank Group - a leading Moroccan banking and financial group, to discuss potential entry in the Ethiopian financial service sector," NBE said.

In April this year, Bloomberg reported that KCB Group was "in talks to acquire stakes in lenders in Ethiopia as it revives plans to expand into Africa's second-most populous nation." AS

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