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NAIROBI, KENYA: KCB Group will look at partnering with a local bank in Ethiopia, where a potential liberalisation of foreign investment rules could open up a market of 100 million people.
The Kenyan bank opened an office in Addis Ababa three years ago to be ready in the market when opportunities arise, Chief Executive Officer Joshua Oigara said in an interview. Currently there are restrictions that bar foreign banks from making an investment.
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