Egyptian Agricultural Bank to invest in Côte d’Ivoire and Kenya’s agriculture sectors
Egyptian Agricultural Bank (EAB), a financial institution that provides farmers with banking services, intends to expand activities out of Egypt. For the time being, the bank eyes Côte d’Ivoire and Kenya.
“We are targeting two countries, Côte d’Ivoire and Kenya. Both countries offer significant opportunities and we are currently thinking of how we can get the most of them by settling and expanding our activities there,” Sayed Al-Quseir, EAB’s chairman told local media.
Another official of the bank said EAB had detailed information about the amount required in African countries’ agriculture and livestock sectors. The financial institution should first get regulatory approval from the Egyptian central bank, before its expansion.
Source: Ecofin Agency