
JP Morgan CEO Jamie Dimon to Visit Kenya Amid License Delay
- Published By Jane Njeri For The Statesman Digital
- 1 year ago
JP Morgan Chase CEO Jamie Dimon is set to visit Kenya next month, as part of a broader African tour aimed at expanding the bank’s footprint on the continent, Reuters first reported.
- Dimon’s visit, his first in seven years, will include stops in Kenya, Nigeria, South Africa, and Ivory Coast.
- The trip comes at a time when JPMorgan is accelerating its growth plans in Africa, despite facing regulatory challenges in Kenya.
- In February 2023, JPMorgan announced the opening of its new regional office in Nairobi, located at the GTC Office Tower in Westlands.
The Nairobi will oversee the bank’s operations in East Africa, with a focus on serving U.S. multinationals, wealth funds, and educational institutions expanding into the region.
However, despite the office’s inauguration, JPMorgan has yet to secure a banking license from the Central Bank of Kenya (CBK), a delay that has slowed its operational expansion in the region according to sources close to the discussions. Dimon’s upcoming visit is expected to include high-level meetings with Kenyan government officials, where the license issue is likely to be a key topic of discussion.
Share on
SHARE YOUR COMMENT
MORE STORIES FOR YOU
Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
RECOMMENDED FOR YOU
Your Lungs Hold Secrets A...
- Published By The
- September 11, 2025
Better Sleep?: See The Li...
- Published By The
- September 11, 2025
What to Know About iPhone...
- Published By The
- September 11, 2025
From Teacher to Mwalimu N...
- Published By The
- September 11, 2025
Latest Stories
6 Brain-Damaging Habits Y...
- Published By The
- September 27, 2025
"Najua Unatamani": Vera S...
- Published By The
- September 27, 2025
Lenacapavir: What You Nee...
- Published By The
- September 27, 2025
Bahati and Diana Marua An...
- Published By The
- September 27, 2025