State-owned Indian bank gains entry for trade deals

The Central Bank of Kenya in Nairobi. The CBK has given the Central Bank of India a licence to open an office in Kenya to boost trade ties between the two countries. File

A State-owned Indian bank has received approval to open shop in Nairobi, deepening the emerging Asian economy’s interests in the country.

The move comes at a time when India has risen to the position of biggest source of Kenya’s imports.

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