Global lenders want a piece of East Africa’s retail banking market

KCB Group Chairman Andrew Kairu and Rwanda Prime Minister Édouard Ngirente.

KCB Group Chairman Andrew Kairu and Rwanda Prime Minister Édouard Ngirente during the launch of BPR Bank Rwanda PLC in Kigali. PHOTO | FILE

East Africa is becoming fertile hunting ground for foreign banks seeking to explore the booming retail market that has seen KCB and Equity banks assets rise to over Ksh1 trillion ($8.62 billion) each, buoyed by expanding customer numbers and loan books.

Foothold in East Africa