JP Morgan Has Opened an Office in Kenya, Making It Present in All Four of Africa’s Biggest Technological Hubs
JP Morgan, the biggest bank in the United States and the world based on market capitalization, now had a regional office in Nairobi, Kenya.
The American banking giant is present in Nigeria, Egypt, South Africa, and Kenya. These countries are referred to as “the big four” because of their highly developed digital ecosystems. This move further emphasizes the African ambitions of the American banking behemoth. The history of J.P. Morgan in Nigeria and Egypt can be traced back to 1960 and 1979, respectively, although the bank has only recently begun operations in South Africa.
Photo courtesy Pexels.
Source: Tech in Africa (link opens in a new window)