Mauritian top lender sees gold mine in Kenya deals

Business transacted by representative offices of foreign banks in Kenya grew by more than a quarter to hit Sh313.2 billion in 2017. FILE PHOTO | NMG

The oldest bank in Mauritius says it will take advantage of the rising number of Mauritian businesses setting shop in Kenya to tap into more deals and grow its income from the region.

Mauritius Commercial Bank (MCB) chief executive officer Alain Law Min said its local representative office, opened in 2014, is eyeing deals in syndicated lending and trade finance in various segments including manufacturing, finance, and oil and gas sectors as it taps into growing economic links between these countries.

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