Equity gets shareholders’ nod to open office in UAE

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An Equity Bank branch in Nairobi, Kenya. File | Nation Media Group

Equity Bank Group’s shareholders have approved its plans to open a representative office in the United Arab Emirates (UAE), moving it closer to its first expansion beyond Africa in growth drive.

Awaiting regulatory approval by the Central Bank of Kenya and the Emirati regulator, the representative office will enable Equity Bank to fund Kenyan and East African firms and investors with business interests in the Emirates and even for foreign traders, expanding its market base and customer portfolio.