Mauritian-based MCB Group with a market capitalisation of $2 billion and assets over $12 billion has opened a representative office in Nairobi to gauge opportunities in the Kenyan market and build strategic relationships.
Mr. Alain Law Min, CEO MCB said they want to position the MCB Group as a strong and competitive regional financial hub, leveraging Mauritius as an international financial centre of repute and substance.
“We are keen on enriching the appeal and adaptability of our value proposition across markets and segments, whilst upholding organization-wide synergies and collaborative partnerships. We believe we can create and develop fruitful partnerships with the business community here.”
He disclosed that they are not intenting to open branches and banking halls in Kenya and East Africa, the Nairobi Rep office will enable MCB to better gauge the opportunities and develop strong relationships in this region.
“Our presence has so far enabled us to forge partnerships with banks and corporates and hence develop our banking and non-banking product and services offers. In this respect, our Kenya rep office can be a doorway to Mauritius and MCB Group, and our array of products and services can be put to good use by Kenya corporates and banks as well,” said Alain.