KCB Group Plc has expressed interest in exploring a new investment opportunity in Ethiopia’s financial sector.
The expression of interest comes after a delegation of senior executives from KCB Bank, including the bank’s CEO, finance officer, and secretary, visited the Ethiopian Investment Commission (EIC) in Addis Ababa, where they held talks with Ethiopian finance officials.
#Time_to_InvestInEthiopia #Ethiopia 🇪🇹
Kenyan Commercial Bank/KCB/ leaders composed of its Chairman, CEO, and CFO visited the EIC. The leaders appreciated the recent decision of Ethiopia to open up its financial sector to foreign investors. @KCBGroup pic.twitter.com/ZQFRRA54us
— Ethiopian Investment Commission (EIC) (@EthioInvestment) October 27, 2022
Temesgen Tilahun, Deputy Commissioner of the Ethiopian Investment Commission, explained the investment policy, recent economic reforms, and the objectives of opening the financial sector to foreign investors.
In September, Ethiopia’s Council of Ministers passed a landmark decision to open the banking sector to foreign investors.
KCB Group Plc has a presence in Uganda, Tanzania, South Sudan, Burundi, and Rwanda and a representative office in Ethiopia.
