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Inside deal that cut red tape for Afreximbank Kenya entry

Cairo-based African Import and Export Bank (Afreximbank). [iStockphoto]

President William Ruto recently unlocked a plan by the Cairo-based African Import and Export Bank (Afreximbank) to finally set up shop in Kenya.

The lender three years ago reached a deal with neighbouring Uganda to set up its Sh3 billion regional headquarters in Kampala following red tape by Nairobi.

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