KCB Group is vying to deepen its support to businesses and investors focused on the East Africa & US Markets, riding on its scale across the region.
Speaking at the inaugural Bullish Kenya event by Wall Street Africa/The Kenyan Wall Street in New York on Thursday last week, KCB Group CEO, Paul Russo said: “We want to do more in facilitating cross border trade, remittances and investments between East Africa and the US.”
“KCB has over the years been at the center of this but we want to leverage more on our understanding of the region and footprint to boost trade and inflows, ” he told investors and business executives at the forum organized by The Kenyan Wall Street, a finance and investment publisher, on the sidelines of the United Nations General Assembly.
Projections are that trade and investments between Africa and the US will grow significantly in the coming 5 years, benefiting from heightened economic diplomacy.
East Africa is angling for the US to extend the African Growth and Opportunity Act (AGOA). The 25-year-old deal gives qualifying African nations duty-free access to the American market and is due to expire next week.
KCB was one of the sponsors of the session which brought together over 100 decision makers in the private and public sectors.
“KCB sees greater prospects ahead in this space and we are on the table to partner and catalyze investments, ” said Russo.