Kenyan banks struggle to grow in Tanzania

A customer is served at a bank branch. FILE PHOTO | NMG

Kenyan banks are struggling for market share in Tanzania despite a decade-plus presence in the country, underlining the challenges Kenyan businesses face in that market.

Equity Group, KCB and DTB hold a market share of less than four percent each in Tanzania, in contrast to shares of between five and 24 percent in other jurisdictions such as Uganda and the Democratic Republic of Congo (DRC).

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