IslamicFinance.de

Kenya’s mid-sized banks have stepped up their expansion into East African to tap new opportunities arising from the regional trading bloc and increase their earnings.
Five of Kenya’s 15 mid-sized banks have announced plans to either set up shop or have already opened branches in Uganda and Tanzania over the last two months, following in the footsteps of top-tier banks such as KCB, Equity and Diamond Trust.
Imperial, ABC, Family, Gulf African banks and Bank of India are eyeing the growing list of firms and individuals with business interests in the East Africa Community (EAC), which is gearing for increased business with the formation of the common market.