{"id":597717,"date":"2019-05-02T04:11:11","date_gmt":"2019-05-02T04:11:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/"},"modified":"2019-05-02T04:11:11","modified_gmt":"2019-05-02T04:11:11","slug":"cib-eyes-expansion-into-kenya","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/","title":{"rendered":"CIB eyes expansion into Kenya"},"content":{"rendered":"

<\/a> CIB eyes expansion into Kenya:<\/b> CIB intends to enter the Kenyan market when it finds the right opportunity as part of its strategy for expansion in east Africa, our friend Mohamed Sultan told Euromoney<\/a>. Sultan, chief operating officer at the bank, cited the bns of USD that flow in annual trade between Egypt and Kenya, as well as Kenya\u2019s role as a major regional trade hub as driving CIB\u2019s interest in the country. The bank has not yet finalized an acquisition, he said. Sultan\u2019s comments come a week after the bank\u2019s announcement<\/a> that it has established a representative office in Ethiopia. CIB has also identified Tanzania and Uganda as being potential markets for expansion.<\/p>\n

Broader growth in east Africa:<\/b> The bank is not alone in targeting east African countries: Banque Misr and Beltone Financial have also expressed interest in developing their operations further down the African coast. EFG Hermes entered Kenya<\/a> through acquisition in 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB eyes expansion into Kenya: CIB intends to enter the Kenyan market when it finds the right opportunity as part of its strategy for expansion in east Africa, our friend Mohamed Sultan told Euromoney. Sultan, chief operating officer at the bank, cited the bns of USD that flow in annual trade between Egypt and Kenya, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[204,5214,72,7087,2380,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597717","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-east-africa","tag-enterpriseam","tag-finance","tag-speed-round","tag-trade","wpautop","entry"],"acf":{"mongo_id":"1545055d-d285-4458-80be-4698c50e84cd","is_powered_by":true,"section_story_id":"b6712d1b-02ac-4d8a-a922-9c1c42bbf2fa","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597707],"teaser":"","voice_url":""},"yoast_head":"\nCIB eyes expansion into Kenya - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB eyes expansion into Kenya\" \/>\n<meta property=\"og:description\" content=\"CIB eyes expansion into Kenya: CIB intends to enter the Kenyan market when it finds the right opportunity as part of its strategy for expansion in east Africa, our friend Mohamed Sultan told Euromoney. Sultan, chief operating officer at the bank, cited the bns of USD that flow in annual trade between Egypt and Kenya, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-02T04:11:11+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB eyes expansion into Kenya\",\"datePublished\":\"2019-05-02T04:11:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"east Africa\",\"EnterpriseAM\",\"Finance\",\"SPEED ROUND\",\"trade\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/\",\"name\":\"CIB eyes expansion into Kenya - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-05-02T04:11:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIB eyes expansion into Kenya\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CIB eyes expansion into Kenya - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/cib-eyes-expansion-into-kenya\/","og_locale":"en_US","og_type":"article","og_title":"CIB eyes expansion into Kenya","og_description":"CIB eyes expansion into Kenya: CIB intends to enter the Kenyan market when it finds the right opportunity as part of its strategy for expansion in east Africa, our friend Mohamed Sultan told Euromoney. 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