Kenya: CBK Grants US Firm JPMorgan Chase Authority to Set Up Representative Office in Kenya

The Central Bank of Kenya today announced that it had authorised the establishment of a representative office of JPMorgan Chase Bank N.A of the USA in Kenya.

“The Central Bank of Kenya announces the granting of authority to JPMorgan Chase Bank N.A of the United States of America (USA) to establish a Representative Office in Kenya by the name JPMorgan Chase Bank N.A Representative Office Kenya.” the statement read in part.

This authority is granted pursuant to Section 43 of the Banking…