Wednesday, March 19, 2014

Co-op Bank eyes Ethiopian market

(Mar 20, 2014, (Nairobi))--The Cooperative Bank is eying the Ethiopian market as part of its expansion programme. The management said it hopes to make an entry into the nation by 2016 once current talks between Kenya and its neighbour are concluded.

The group also plans to set up shop in Uganda joining Equity and KCB in regional growth drives. “We are thinking of Uganda in 2015 and Ethiopia by 2016. We find Uganda very good for us because the cooperative movement in the country is very strong.

Ethiopia has a big population and its economy is opening up now, and we think there are big opportunities for growth there,” Co-op Bank Group managing director, Mr Gideon Muriuki said.  Read more from Daily Nation »

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